PETALING JAYA: V.S. Industry Bhd
’s (VS) wholly-owned subsidiary, VS Industry Philippines Inc, has secured new orders from a key customer to manufacture selected consumer electronics products.
In a statement, the electronics manufacturing services provider said the manufacturing process will be on a box-build assembly basis, namely, a provision of end-to-end processes from production to assembly, testing, packaging, labelling and logistics arrangement.
VS said the expected revenue contribution from the customer, based on the recurring nature of the orders, is RM0.3bil for the financial year ending July 31, 2025 (FY25) and RM1.2bil for FY26.
“This is derived from anticipated sales volume and pricing, bringing the aggregate expected revenue over the next two financial years to be RM1.5bil.”
VS managing director Datuk S.Y. Gan said the expected aggregate revenue contribution of RM1.5bil over the next two financial years will strengthen the company’s earnings and broaden its geographical exposure.
“All in all, this is an exciting development for the group as we embark on a new chapter of growth. We are confident in our plans in the Philippines by leveraging on our strong technical expertise and lean balance sheet.”
