KUALA LUMPUR: MCE Holdings Bhd has secured new contracts worth approximately RM23.29 million to supply automotive electronic components to a US-based automotive components supplier for the US market.
The contracts, awarded to its wholly-owned subsidiary Multi-Code Electronics Industries (M) Bhd, involve the supply of automotive electronic components, including display electronic control units, for a US vehicle programme over a period of 60 months.
"The project strengthens our foothold in the US market and adds to our pipeline of long-term programmes, supporting more sustainable revenue growth," said MCE"s group managing director Datuk Wira Dr Goh Kah Chun.
According to a Bursa Malaysia filing, MCE invested RM754,000 for the venture to supply the components to the US-based client.
The estimated revenue is subject to actual order quantities, programme and production schedules, market demand and other relevant factors, the group said.
MCE is a Malaysian Tier-1 automotive supplier specialising in the design, engineering and manufacturing of automotive electronics and mechatronic components, with a global footprint spanning Japan, India and exports spanning Asia, the Americas, the Middle East and Australia.
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