Manufacturing Integration Technology bags S$10.5m solar equipment order
MANUFACTURING Integration Technology (MIT), which provides automation solutions to the semiconductor industry, has secured a solar equipment order worth S$10.5 million.
The contract involves delivery of two lines of equipment for making building integrated photovoltaics (BIPVs) to an existing customer in China, which MIT did not name. BIPVs are glass window panes and claddings of buildings that serve as solar panels.
This is the single largest order for solar equipment that the company has secured since its entry into the renewable energy business in 2009.
The contract brings MIT's outstanding order book in 2015 to S$42 million, and MIT expects it to contribute positively to the company's FY2015 financial results.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P Global first-quarter profit beats estimates on strong product demand
Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone: sources
Far East Orchard acquires 49% stake in UK-based purpose-built student accommodation operator for £17.6 million
Nestle sales growth sputters on US slump, vitamin snags
BNP Paribas beats estimates as lower costs offset trading slump
TikTok ultimatum puts US firms in firing line for China response