Feytech Holdings Bhd has secured a RM96.8 million contract to supply seat covers for a new Proton model.
In a statement, the company said its subsidiary Gosford Leather Industries Sdn Bhd has been appointed as the original equipment manufacturer (OEM) seat supplier for the upcoming vehicle.
Feytech Holdings Bhd has secured a RM96.8 million seat cover supply contract for Proton’s new compact SUV AMA02 model, with production set to begin in October this year. Pic courtesy of Feytech.
Feytech chief executive officer Connie Go said the contract builds on the group’s long-standing relationship with Proton, which dates back to 2012.
“This contract is a natural extension of our longstanding relationship with Proton that goes back to 2012,” she said, adding that Feytech has grown alongside the national automotive industry and continues to support Proton’s product expansion plans.
Industry observers have speculated that the new model could be marketed under the Saga Cross nameplate.
Proton Holdings Bhd previously outlined its AMA platform roadmap, including models AMA02, AMA05 and AMA06, which are expected to replace existing vehicles such as the Persona, Iriz, Exora and the outgoing Saga in the sub-RM80,000 segment.
Separately, Feytech’s joint venture with China’s Wuhu Ruitai Auto Parts Co Ltd, FTRT Autoparts Sdn Bhd, is also expanding its presence in Malaysia’s automotive supply chain.
The JV will begin seat production for two existing Chery models and two new models in the third quarter of this year under a localisation programme at its Subang facility.
FTRT Autoparts was set up to support localisation requirements for China-based OEMs operating under completely knocked-down (CKD) programmes in Malaysia.
Go said both initiatives strengthen Feytech’s position as a Tier-1 seat supplier to domestic and regional OEMs, while improving capacity utilisation and supporting long-term earnings stability.
