KUALA LUMPUR: Feytech Holdings Bhd has bagged a RM96.8 mil seat cover supply contract for an upcoming Proton model, with production set to commence in due course.
In a statement, the automotive cover manufacturer said the seat covers will be produced by the group’s leather trim manufacturing arm, Gosford Leather Industries Sdn Bhd.
“This contract is a natural extension of our longstanding relationship with Proton, that goes back to 2012. Feytech has grown alongside the national automotive industry and we are proud to support the national carmaker as it enters this next chapter of its product expansion,” Feytech chief executive officer Connie Go said.
Separately, Feytech said its joint venture with China’s Wuhu Ruitai Auto Parts Co Ltd, FTRT Autoparts Sdn Bhd, is expanding its relationship with Chery.
It said FTRT Autoparts will commence seat production for two existing Chery models and two new models in the third quarter under an existing localisation framework at its Subang facility.
FTRT was established to support the localisation requirements of China-based OEM operating under completely-knocked-down frameworks in Malaysia.
Go said that both programmes are consistent with the group’s strategy to strengthen its position as a Tier-1 seat supplier to domestic and regional OEMs, improving capacity utilisation and long-term earnings stability.
