MCE to supply parts for new Perodua cars

PETALING JAYA: MCE Holdings Bhd's wholly owned subsidiary Multi-Code Electronics Industries (M) Bhd has secured contracts to supply various electronic and mechatronic components and parts for Perodua's new car models.
In a filing with Bursa Malaysia, the group said the supply of these parts is expected to commence in the fourth quarter of the financial year ending July 31, 2018 for a duration of seven years.
"These projects are expected to generate total revenue of about RM33 million for MCE Group over the seven year period while the estimated total investment cost is RM1 million," it said.
These projects are expected to contribute positively to the group's earnings over seven years commencing from the first quarter of financial year ending July 31, 2019.