KHPT Holdings Berhad through its wholly-owned subsidiary Automev Global Sdn. Bhd. has secured a letter of acceptance from Perusahaan Otomobil Nasional Sdn. Bhd. for the supply of automotive structural components for a new PROTON model.
The LOA is expected to generate an estimated revenue of approximately RM155 million for AGSB over the LOA period and shall remain valid throughout the model life of the vehicle, unless extended or earlier terminated in accordance with the terms and conditions of the LOA.
Under the LOA, AGSB will manufacture and supply selected automotive structural components to support PROTON’s vehicle production requirements. The production will be carried out at the Group’s existing manufacturing facility in Telok Panglima Garang, Selangor.
