since 1976
since 1976
Feytech Holdings Berhad (KLSE:5322) secured an approximate of RM96.8 mil seat cover supply contract for an upcoming Proton model, with production scheduled to commence in due course.
The seat covers will be manufactured by the Group’s leather trim manufacturing arm, 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.
On a separate note, Feytech’s joint venture with China’s Wuhu Ruitai Auto Parts Co. Ltd, FTRT Autoparts Sdn Bhd is deepening its relationship with Chery. FTRT Autoparts will commence 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 was established to support the localisation requirements of China-based OEM operating under completely-knocked-down frameworks in Malaysia.
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.
