RESINTECH Bhd, a Main Market-listed manufacturer of plastic pipes, water tanks and fittings, has secured a contract from Phnom Penh Water Supply Authority (PPWSA) valued at US$3.93 mil or a RM16.5 mil equivalent via its wholly-owned subsidiary Resintech Plastics (M) Sdn Bhd.
The five-month contract commencing Sept 15, 2025 covers the supply and delivery of HDPE pipes and fittings (Batch 1) to support PPWSA’s on-going water infrastructure expansion in Phnom Penh, Cambodia.
This contract represents the first phase of Resintech’s entry into Cambodia’s water infrastructure market with more phases anticipated in the near future.
Collectively, the group projects the potential value of this venture could reach around RM40 mil.
“This contract marks an important milestone in our regional expansion strategy,” commented Resintech’s managing director Datuk Dr Teh Kim Poo.
“Resintech is proud to play a role in delivering high-quality solutions to Cambodia which presents strong long-term demand for water infrastructure.”
With the orders secured so far, Resintech is confident of achieving strong double-digit growth in both revenue and profit for its FY2026 ending March 31, 2026 “with a very good chance of delivering record-high topline and bottom line for the group”.
The contract is part of a broader initiative funded by Agence Française de Développement (AFD), France’s official development bank, which has been a key financier of Cambodia’s water infrastructure for nearly two decades.
AFD has financed major treatment plants and water network expansions, including projects in Phnom Penh and secondary cities, thus contributing to improved access to clean water and climate resilience.
“AFD’s involvement underscores the importance and credibility of this project,” asserted Teh.
“Resintech is proud to be part of an internationally supported initiative that will not only enhance Cambodia’s water infrastructure but also deliver long-term benefits to communities and the environment.”
As it is, Resintech has continued to leverage its strengths as a leading regional supplier of water infrastructure solutions, underpinned by:
- Proven track record in Malaysia’s core water, community and power infrastructure segments; and
- Strategic regional expansion into Cambodia, with significant contract potential.
“Barring unforeseen circumstances, Resintech remains well-positioned to deliver record-high performance in our FY3/2026 while celebrating our Golden Jubilee which marks 50 years of resilience and growth,” added Teh.
At the close of today’s (Sept 17) market trading, Resintech was up 2.5 sen or 4.95% to 53 sen with 133,300 shares traded, thus valuing the company at RM104 mil. – Sept 17, 2025
