PGF Capital to buy land in Kedah for RM40M to expand insulation plant

PGF Capital's subsidiary NetZero Technology signed an agreement to acquire 23.9 acres of land in Kulim, Kedah for RM40 million to expand its insulation manufacturing plant, with Phase 1 adding 40,000 mt capacity by H1 2026 and Phase 2 adding 20,000 mt by H1 2028.

“PGF Capital Bhd subsidiary, NetZero Technology Sdn Bhd, has inked a sales and purchase agreement to acquire a land worth RM40 million in Kedah to expand its insulation manufacturing plant.”mida.gov.my

• 1 source
• mida.gov.myPGF to buy land in Kedah for RM40m to expand insulation plant - MIDA | Malaysian Investment Development AuthoritySep 13, 2024

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