Car parts manufacturer Ingress Corp Bhd expects strong double-digit growth in revenue this year on new orders and market penetration.

Executive vice chairman Datuk Rameli Musa said revenue at its automotive parts manufacturing division should grow double-digit annually in the next few years, driven by new contracts from the likes of Proton, Perodua and Honda.

Its power engineering and railway division should also contribute more to its revenue this year, he said after Ingress' shareholders meeting in Putrajaya yesterday.

Ingress hopes to secure some jobs from about RM400 million worth of power tenders it has submitted to Tenaga Nasional Bhd (TNB). It now has RM90 million power contracts, mostly from TNB.

"We should see a strong double-digit growth in revenue. This year will be much better than the previous few years," Rameli said.

Ingress made a RM9.8 million net loss on RM398.86 million turnover in the year ended January 2008, due partly to RM280 million capital spending in the past four years.

It turned around strongly in the first quarter ended April 2008. Net profit stood at RM5.41 million on RM111.9 million turnover.

"We are strongest in the third quarter and weakest in the second quarter. But that does not necessarily mean our current quarter will be weaker than the first quarter," Rameli said.

Ingress, which makes automotive components for car-makers in Malaysia, Thailand and Indonesia, expects big contribution from its new product, a wire harness, for Proton cars.

Rameli said the supply of wire harness to three Proton models, Persona, Saga and Gen.2, should give it RM50 million annually.

In Thailand, Ingress will supply parts for the new Honda Jazz and City, and a new Mitsubishi model. In Indonesia, it will start supplying for a new Daihatsu model later this year.

Rameli said Ingress is discussing a joint venture with New Delhi-based Mayur Industries Ltd to supply parts to Suzuki and Fiat.