MCE wins RM51mil jobs
PETALING JAYA: MCE Holdings Bhd’s unit has secured new contracts worth RM51mil to supply electronics and mechatronic components and parts for Proton and Perodua new car models.
In its filing with Bursa Malaysia, MCE on Thursday said the contracts won by its wholly owned subsidiary MultiCode Electronics Industries (M) Bhd were expected to contribute positively to the group’s earnings from its financial year ending July 31, 2020 (FY20) onwards, for up to nine years.
“The supply of these parts (to Proton) is expected to commence in the first quarter of FY20 over a duration of between six and nine years in respect of the relevant parts supplied. The Proton project is expected to generate total revenue of approximately RM35mil for the MCE group over the nine-year period, while the estimated total investment cost is RM3.8mil,” MCE said.
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