# PGF Capital to build new plant in Kulim, tripling capacity

PGF Capital Bhd is buying land in Kulim, Kedah for RM40 million to develop a factory that will more than triple its annual insulation production capacity to 85,000 metric tonnes by 2028, with a total capex of RM200 million.

- Type: Expansion
- Announced: 2024-09-13
- Where: Kulim, Kedah, Malaysia, Malaysia
- Value: $43.0M (200.0M MYR)
- Starts operating: Jun 2028
- Status: announced
- Capacity: 85,000 metric tonnes per year
- Products: insulation products, mineral wool sandwich panels
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

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

## Sources

- [pgfcapital.com.my](https://pgfcapital.com.my/pgf-acquires-land-in-kulim-for-new-plant-set-to-more-than-triple-capacity/), 2024-09-13: "We are excited about the prospects this land offers, given its large acreage, which is sufficient to cater to our expansion needs for the next five years."

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