KUALA LUMPUR: Greatech Technology Bhd has secured RM160mil new orders for production line systems and the new orders are expected to last until the second quarter of 2023.

       “The new orders secured are mainly contributed by customers from the solar industry,” it said in a filing with Bursa Malaysia.

       Based on the orders secured year to date and the progress of the subsidiaries, Greatech expects positive development in the solar sector in 2022 and 2023 with the opportunities presented by worldwide green initiatives and increased usage of renewable energy.

       “The group expects this to contribute positively to the group’s revenue for the year ending Dec 31, 2022, and 2023

       “With the group’s latest investment in capacity expansion, the group is now able to supply customers with a more sustainable solution that supports customers to reduce operating costs and improve environmental performances,” it said.