KUALA LUMPUR: Automotive upholstery maker Pecca Group Bhd
is banking on its aviation segment to unlock its next phase of growth, according to managing director Datuk Kelvin Teoh Hwa Cheng.
"In the 2023 fiscal year, Pecca earned nearly 98% of its revenue from the automotive upholstery business. In five years, we aim to derive at least 15% of our earnings from our aviation business,” Teoh said in a statement.
Pecca secured its first purchase order to service a 180-seat, Europe-registered Airbus A320 passenger aircraft in the first quarter ended Sept 30, 2023 (1QFY24).
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