KUALA LUMPUR (May 4): Feytech Holdings Bhd (KL:FEYTECH) has secured a RM96.83 million contract to supply seat covers for a new Proton model.

In an updated statement on Monday, the company said the seat covers will be manufactured by its subsidiary, Gosford Leather Industries Sdn Bhd.

“This contract is a natural extension of our longstanding relationship with Proton that goes back to 2012. Feytech has grown alongside the national automotive industry and we are proud to support the national carmaker as it enters this next chapter of its product expansion,” said Feytech chief executive officer Connie Go.

The automotive cover and seat manufacturer also said that its joint venture with China’s Wuhu Ruitai Auto Parts Co, FTRT Autoparts Sdn Bhd, will start seat production for two existing Chery car models and two new models in the third quarter of this year, under an existing localisation framework at its dedicated Subang facility. 

FTRT Autoparts was established to support the localisation requirements of China-based OEM operating under completely-knocked-down frameworks in Malaysia. 

Chery, which relaunched in the country in 2023, has since crossed 30,000 cumulative sales.

Go said that both programmes are consistent with the group’s strategy to strengthen its position as a Tier-1 seat supplier to domestic and regional OEMs, improving capacity utilisation and long-term earnings stability.