KUALA LUMPUR: INGRESS CORPORATION BHD [] has received letter of intents from Perusahaan Otomobil Nasional Sdn Bhd to supply roof drip mouldings and door sash parts.
Ingress said on Tuesday, Oct 12 the supply for the mouldings would start by the fourth quarter of FY ending Jan 31, 2012 for five years.
Ingress expected the project to generate total revenue of RM7.5 million. Total investment for the project is estimated to be RM200,000 in tooling.
For the sash project, it said it would start supplying by the end of FY Jan 31, 2011 for five years.
'The project is forecasted to generate total revenue for 90% owned Ingress Precision Sdn Bhd of approximately RM50 million whilst the total investment in tooling and equipment is expected to cost RM16 million,' it said.
Ingress said on Tuesday, Oct 12 the supply for the mouldings would start by the fourth quarter of FY ending Jan 31, 2012 for five years.
Ingress expected the project to generate total revenue of RM7.5 million. Total investment for the project is estimated to be RM200,000 in tooling.
For the sash project, it said it would start supplying by the end of FY Jan 31, 2011 for five years.
'The project is forecasted to generate total revenue for 90% owned Ingress Precision Sdn Bhd of approximately RM50 million whilst the total investment in tooling and equipment is expected to cost RM16 million,' it said.
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