JHM (0127): JHM CONSOLIDATION BHD partners China’s Jiangsu Dekai Auto Parts to supply automotive lighting to Proton-Geely
KUALA LUMPUR (June 23) : JHM Consolidation Bhd has entered into a technical collaboration agreement with Jiangsu Dekai Auto Parts Co Ltd (Dekai) to create an efficient and effective supply chain to support automotive lighting to Proton-Geely companies located in Malaysia.
JHM said in a bourse filing that the collaboration will propel the group into a Tier 1 player that is able to deal directly with automotive original equipment manufacturers (OEM).
Under the collaboration, JHM will ensure the manufacturing facility is up to the required advance technology and quality to support its customers and provide business development and marketing support especially to North American countries.
Dekai, meanwhile, will continue its close cooperation with JHM in leveraging the Malaysian firm's manufacturing expertise to further expand both companies’ market shares in Malaysia and the ASEAN region as a Tier 1 player, and providing the technical knowledge and expertise to build the complete lamp products according to customers’ specifications and requirements.
Dekai is a manufacturer of automotive lighting products that offers services such as design and engineering, injection moulding, full lamp assembly, and complete lamp testing for OEM customers.
It also is one of China’s Tier 1 (dealing directly with automotive OEM) players that supports new programme introduction and mass production (MP) with the ability to transition through design to prototype and into MP of complete interior lighting, rear lighting and head lighting.
JHM's share price closed four sen or 2.16% lower at RM1.81 today, valuing the group at RM1.01 billion.