by ANIS HAZIM / pic by TMR FILE
TA WIN Holdings Bhd has bagged a contract from a US-based company, Aptiv plc to supply cables and automotive components for local automobile models in Malaysia.
In a statement yesterday, Ta Win, through its subsidiary Cyprium Wire Technology Sdn Bhd (CWT), has accepted a contract from the international technology and mobility company, Aptiv.
The contract value was not disclosed but will see CWT supplying Aptiv 13 types of components comprising power and signal distribution system, high tension cable, battery cable and other automotive components and parts.
The copper products manufacturer said the contract is effective from July 1, 2021, for a six months period with an estimated total contract quantity of up to 10,000km per month.
According to Ta Win, CWT attained its International Automotive Task Force 16949:2016 certification in January 2021 in demonstrating its international standard of technical specifications for automotive industry quality management systems.
Ta Win MD Datuk Seri Ngu Tieng Ung (picture) said the group is pleased to bag the contract from Aptiv as it demonstrates CWT’s capabilities in applying its patented technology in the area of automobile parts manufacturing.
“With this new contract, Ta Win enters a new area of growth particularly for market relevant products to cater to the growing automobile and electronic vehicle industries,” said Ngu.
Early this year, the New York Stock Exchange-listed Aptiv appointed CWT as a global vendor to utilise its electron beam irradiation technology to manufacture cables and automotive components for Aptiv.
Ta Win share price rose 2.94% or five sen to 18 sen at close yesterday, valuing the group at 597.15 million.