# 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.

- Type: Expansion
- Announced: 2024-09-13
- Where: Kulim, Kedah, Malaysia
- Value: $8.60M (40.0M MYR)
- Starts operating: Q2 2026
- Status: announced
- Capacity: 40,000 mt (Phase 1), 20,000 mt (Phase 2)
- Products: insulation materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [PGF Capital](https://endata.com/companies/79793.md)
- [NetZero Technology](https://endata.com/companies/79794.md)

## Sources

- [mida.gov.my](https://www.mida.gov.my/mida-news/pgf-to-buy-land-in-kedah-for-rm40m-to-expand-insulation-plant/), 2024-09-13: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.