MCE unit to supply components for new Perodua car models


  • Corporate News
  • Tuesday, 05 May 2020

KUALA LUMPUR: MCE Holdings Bhd's wholly owned subsidiary Multi-Code Electronics Industries (M) Bhd has secured contracts to supply electronic and mechatronic components and parts for new Perodua car models.

In a filing with Bursa Malaysia, the group said it will begin supplying the part from the first quarter of its financial year ended July 31, 2020, over a period of six years.

MCE is expected to generate revenue of about RM34mil from the contracts over the six-year period while its estimated investment cost is RM2.2mil.

"The Projects will not have any material impact on the earnings of the MCE Group for the

financial year ending 31 July 2020.

"The Projects are expected to contribute positively to the earnings of the MCE Group over a 6 year period commencing from financial year ending 31 July 2022," it said.
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