KUALA LUMPUR (March 11): MCE Holdings Bhd has won a RM22.13 million contract to supply mechatronics components to US-based automotive supplier JVIS USA LLC for a car model in the US market.

The project, lasting 60 months, will begin production of automotive components in the first quarter of the financial year ending July 31, 2027 (FY2027).

MCE’s products include keyless entry systems, plastic parts, lamps, switches, window regulators, camera systems, DVRs and parking sensors.

Meanwhile, JVIS is renowned for its advanced manufacturing and engineering solutions, serving leading global automakers.

In a separate statement, MCE Group managing director Dr. Goh Kar Chun said partnering with JVIS not only expands MCE’s global footprint and strengthens its US presence but also highlights Malaysia’s capabilities in the global automotive supply chain.

Separately, MCE has formed a 50:50 joint venture with Sounding Industries Ltd (SIL), a subsidiary of Hong Kong’s Eagle Group, to provide contract manufacturing services for non-automotive products.

These include die-cutting machines, precision tools and packaging solutions for cosmetics.

Eagle Group is a well-established original equipment manufacturer (OEM) and original design manufacturer (ODM), with over three decades of expertise in consumer electronics, automotive electronics and precision manufacturing.

“We are equally excited about the opportunities the joint venture with Sounding Industries Ltd brings in the non-automotive sector, allowing us to diversify our business to increase resilience and drive innovation,” said Goh.

MCE’s share price closed down two sen or 1.3% to RM1.5, giving it a market capitalisation of RM204 million. YYear-to-date,the stock has fallen 6.25%.