Multi-Code Electronics Industries (M) Berhad, a subsidiary of MCE Holdings Berhad

MCE Holdings Berhad announced that it has secured a major contract to supply mechatronic components to the United States and at the same time formed a joint venture to diversify into nonautomotive contract manufacturing.

The company said it has secured a 60-month contract with JVIS USA LLC (JVIS), a Michigan-based automotive supplier valued at approximately RM22.13 million, which will see MCE supplying mechatronic components for a new vehicle model in the US market, with production scheduled to commence in the first quarter of the financial year ending July 31, 2027.

In addition, it has also partnered with Sounding Industries Ltd, a subsidiary of Hong Kong-based Eagle Group, to establish a new joint venture focused on non-automotive contract manufacturing. Eagle Group is a well-established OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer), with over three decades of expertise in consumer electronics, automotive electronics, and precision manufacturing.

The partnership, structured as a 50:50 joint venture through MCE's wholly owned subsidiary, MCE Ventures Sdn Bhd, will provide contract manufacturing services for a wide range of nonautomotive products, including die-cutting machines, precision tools, and packaging solutions for the cosmetics products.