Pasdec enters RM380m manufacturing contract with Nissan South Africa


The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: PASDEC HOLDINGS BHD's Botswana unit has been selected by Nissan South Africa (Pty) Ltd  to manufacture and supply electrical wiring harnesses for its 3G-200 H60A vehicles.

The contract which commences in June 2019 for a period of seven years is expected to generate gross revenue of about RM380mil for Pasdec Automotive Technologies (Botswana) (Pty) Ltd.

The Botswana unit is an indirect subsdiary of Pasdec group via the latter's 70% owned subsidiary Pasdec Automotive Technologies (Pty) Ltd.

"This Contract is expected to contribute positively to the revenue and earnings of the Group over the period of the Contract," the group said in a stock exchange filing.

At 4.45pm, Pasdec was trading 0.5 sen or 1.3% lower at 37.5 sen on the back of 444,600 shares traded.

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