23-04-2025
- Automotive
- New Straits Times
MCE wins RM121mil supply contracts in US, Malaysia
KUALA LUMPUR: MCE Holdings Bhd has secured a slew of new contracts across international and domestic markets, with a total value of RM120.67 million awarded through its subsidiaries.
One of its subsidiaries, Multi-Code Electronics Industries (M) Bhd, has entered into a RM69.59 million agreement with JVIS USA LLC, a United States-based supplier to major global carmakers.
The deal spans a period of 60 months and involves the provision of mechatronic components for a vehicle model in the US. Production under the contract is expected to begin in the first quarter of the financial year ending July 31, 2027 (FY27).
Back home, the same subsidiary has secured new orders from Perodua valued at approximately RM41.33 million. These contracts relate to two upcoming models—one electric and one powered by a conventional internal combustion engine.
Supply for the electric vehicle model is scheduled to run for 36 months starting from the second quarter of FY2026, while the ICE model will see deliveries over 72 months starting in the first quarter of FY27.
Separately, MCE Hengtuo Sdn Bhd, another unit of the group, has been awarded a RM9.75 million contract by Proton.
The scope includes mechanical and mechatronic parts for a new vehicle model, with the project scheduled to begin in the first quarter of the financial year ending July 31, 2026.
"These contracts reflect the trust that leading automakers, both at home and abroad, have placed in MCE to deliver advanced and cost-effective automotive components, even amid a time of heightened volatility and shifting global trade dynamics," said MCE group managing director Goh Kar Chun in a statement.
