KUALA LUMPUR (Jan 29): MCE Holdings Bhd (KL:MCEHLDG) has secured contracts to supply electronics and mechatronics components worth approximately RM37.9 million to national carmaker Proton.

According to bourse filings, the contracts were awarded to subsidiaries Multi-Code Electronics Industries (M) Bhd and MCE Hengtuo Sdn Bhd, spanning 84 months, with production slated to begin in the first quarter of the financial year ending July 31, 2027.

The total investment cost for the contracts is estimated at RM730,000, its filings showed on Thursday.

Under the agreement, the Malaysian Tier-1 automotive supplier will deliver automotive electronics and mechatronic components for a new Proton model.

The project reinforces MCE’s role across multiple car platforms and is expected to contribute positively to the group’s earnings and net assets per share over its duration.

Group managing director Dr Goh Kar Chun expressed gratitude to Proton for its continued trust and confidence in MCE. “Being entrusted with this project reflects a partnership forged through decades of collaboration, and Proton’s confidence in our ability to meet demanding requirements as a long-term partner.”

He added that MCE’s in-house research, development, and manufacturing capabilities enable the group to support customers across the full cycle — from design and engineering through to production — delivering high-quality solutions, reliable supply at scale, and cost efficiency.

At Thursday’s midday break, MCE shares eased one sen or 0.7% to RM1.52, valuing the company at RM228.64 million. The stock has remained largely unchanged over the past year.