PETALING JAYA: SKP Resources has disclosed that the five-year contract which it received from its existing customer Dyson Ltd is worth RM600mil a year.
It told Bursa Malaysia that the tenure was for five years.
“The company does not foresee any exceptional risk other than the normal business risk associated with the contract,” it said.
SKP Resources provided additional details about the contract, which was announced on Monday.
The contract is for manufacturing Dyson’s cordless vacuum cleaners.
The plastic moulding manufacturer said on Monday that the contract, which was scheduled to start in January 2016, would contribute significantly to the company’s annual revenue for five years from 2016.
SKP, one of Dyson’s contract manufacturers in Malaysia, assembles a range of Dyson products, including upright vacuum cleaners, hand dryers and bladeless fans.
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