23-04-2025
- Automotive
- Malaysian Reserve
MCE clinches new contract from Michigan-based manufacturer
MCE Holdings Bhd, a Johor-based automotive electronics and mechatronic components supplier, has secured multiple new contracts with a combined value of close to RM212.7 million.
In an exchange filing today, it said the contracts were awarded to MCE's subsidiaries, with Multi-Code Electronics Industries (M) Bhd securing projects from Michigan-based automotive components supplier JVIS USA LLC (JVIS) and Perodua, while MCE Hengtuo Sdn Bhd was awarded the contract from Proton.
The contact with JVIS, valued at RM69.6 million, is over 60 months, to supply 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.
It said the new domestic contracts include with Perodua comprise multiple projects valued at about RM41.3 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 2Q26, and the ICE model over 72 months beginning in 1Q27.
In addition, MCE said it has secured a 60-month supply contract with Proton for mechanical and mechatronic parts for a new car model, valued at approximately RM9.8 million. The project will begin in the first quarter of the financial year ending July 31, 2026.
'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,' MCE group MD Dr Goh Kar Chun said in a statement.
At 2.45pm today, MCE counter was up 4 sen or 3% to RM1.55, valuing the company at RM214 million. – TMR
