Graphic By TMR
MCE Holdings Bhd has secured contracts to supply electronics and mechatronic parts for the new car models to be launched under the PROTON brand, helping the company generate over RM62 million in total revenue over the next 10-year period of supply.
The original equipment manufacturer, in an exchange filing yesterday, noted the supply of the parts will be undertaken by its wholly-owned unit, MultiCode Electronics Industries (M) Bhd, commencing the first quarter of Financial year ended July 31 next year.
MCE will invest RM4.8 million in the project. For its second quarter ended Jan 31, 2018, the company slipped to a net loss of RM195,000 versus a profit of RM583,000 in 2Q17 in line with revenue falling 31% year-on-yeat to RM16.96 million due to lower demand for OEM products in the quarter.