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PGF Capital has signed a five-year agreement with Centria Building Material Manufacturing (Shanghai) Co Ltd for distribution of mineral wool sandwich panels in Malaysia.
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.
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.
| Site | Largest | Latest |
|---|---|---|
| Kulim, Malaysia | $43.0M | 2024-09-13 |