KUALA LUMPUR: MCE Holdings Bhd's wholly-owned subsidiary, Multi-Code Electronics Industries (M) Bhd has secured contracts worth approximately RM52.13 million from Proton to supply automotive electronic and mechatronic components.
MCE is a leading original equipment manufacturer engaged in the engineering, design, and manufacturing of automotive electronics and mechatronic parts for the Malaysian and regional markets,
In a filing with Bursa Malaysia, MCE group managing director Goh Kar Chun said that securing this project despite facing stiff competition from well-known local and regional competitors demonstrates MCE's ability to meet the high standards of leading automakers in terms of quality and cost-effective technology solutions.
"As we continue to enhance our offerings in the automotive electronics manufacturing value chain, we are on track to complete our new plant, the MCE Auto Hub, by early 2025.
"This facility will further boost our capabilities in designing and developing more sophisticated electronic components and systems, enabling us to meet the growing demand for next-generation vehicles locally and internationally," he said.
Under the agreement, MCE will provide parts such as front reading lamps, rear reflectors, and pull cup handle assembly for Proton vehicles, starting in the first quarter of the financial year ending July 31, 2026.
– BERNAMA
TAGS: MCE Holdings, Proton, contract, Bursa Malaysia, automotive