Latest news with #RM120.67
Daily Express
24-04-2025
- Automotive
- Daily Express
MCE expands presence with jvis, Perodua, Proton deals
Published on: Thursday, April 24, 2025 Published on: Thu, Apr 24, 2025 By: Bernama Text Size: The newly secured domestic contracts with Perodua comprise multiple projects valued at approximately RM41.33 million for its two upcoming models, an electric vehicle (EV) and an internal combustion engine (ICE) vehicle. - FMT pic for illustration only Kuala Lumpur: MCE Holdings Bhd has secured multiple new contracts with a combined value of approximately RM120.67 million. The contracts were awarded to MCE's subsidiaries, with Multi-Code Electronics Industries (M) Bhd securing projects from JVIS USA LLC (JVIS) and Perusahaan Otomobil Kedua Sdn Bhd (Perodua), while MCE Hengtuo Sdn Bhd was awarded the contract from Proton Holdings Bhd. In a statement, MCE said that these wins reinforce its position as a trusted supplier of automotive electronics and mechatronic components to leading automakers at home and abroad. MCE continues to gain traction in its push to grow its export market presence, securing a RM69.59 million supply contract with JVIS, a Michigan-based automotive components supplier serving top-tier global carmakers. The 60-month contract, which follows an earlier engagement, will see MCE supplying mechatronic components for a vehicle model in the US market, with production scheduled to commence in the first quarter of the financial year ending July 31, 2027. The newly secured domestic contracts with Perodua comprise multiple projects valued at approximately RM41.33 million for its two upcoming models, an electric vehicle (EV) and an internal combustion engine (ICE) vehicle. MCE will supply a range of electronic and mechatronic components, with the EV model running for 36 months starting in Q2 FY2026, and the ICE model over 72 months beginning in Q1 FY2027. In addition, MCE has secured a 60-month supply contract with Proton for mechanical and mechatronic parts for a new car model, valued at approximately RM9.75 million. The project will begin in the first quarter of the financial year ending July 31, 2026. MCE group managing director Dr Goh Kar Chun said 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. 'Our ability to engineer solutions for a wide range of customer needs, from conventional ICE vehicles to next-generation EVs, and across local and overseas markets, reflects not only the strength of our in-house expertise, but also our agility in navigating today's complex operating environment,' he said. This focus is also in line with the government's aspiration for Malaysia to be a regional hub for next-generation vehicles, as outlined in the National Automotive Policy. MCE is a leading original equipment manufacturer (OEM) engaged in the engineering, design and manufacturing of automotive electronics and mechatronic parts for the Malaysian and regional markets.
New Straits Times
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.
