KUALA LUMPUR: Multi-Code Electronics (M) Bhd and its technical partner Hella Australia Pty Ltd has secured a contract valued at RM125 million from PROTON HOLDINGS BHD [].
The company said on Thursday, Jan 27 the supply contract was to develop and supply a rear combination lamp for Proton's new car model slated to be launched in 2012.
'This supply contract is estimated to be worth RM125 million over a period of 5 years and the supply is expected to commence in the third quarter of the financial year ending July 31, 2012,' Multi-Code said
The company added it had signed a technical assistance agreement with Hella on Thursday.
The agreement will enable Multi-Code to make use of the exclusive right, permission and licence in Malaysia to use the Hella TECHNOLOGY [] to develop and sell the joint products.
'The agreement also paves the way for further and future collaboration with Hella for other new products that may be identified from time to time and as such will enable the company to tap into Hella's expertise and technology to diversify and expand its product range to its customers in Malaysia,' it said.
Multi-Code said the agreement was in line with the revised National Automotive Policy which encouraged the development of local automotive parts and component manufacturer, and positioned it to market the Asean market.
The company said on Thursday, Jan 27 the supply contract was to develop and supply a rear combination lamp for Proton's new car model slated to be launched in 2012.
'This supply contract is estimated to be worth RM125 million over a period of 5 years and the supply is expected to commence in the third quarter of the financial year ending July 31, 2012,' Multi-Code said
The company added it had signed a technical assistance agreement with Hella on Thursday.
The agreement will enable Multi-Code to make use of the exclusive right, permission and licence in Malaysia to use the Hella TECHNOLOGY [] to develop and sell the joint products.
'The agreement also paves the way for further and future collaboration with Hella for other new products that may be identified from time to time and as such will enable the company to tap into Hella's expertise and technology to diversify and expand its product range to its customers in Malaysia,' it said.
Multi-Code said the agreement was in line with the revised National Automotive Policy which encouraged the development of local automotive parts and component manufacturer, and positioned it to market the Asean market.
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