PULAU PINANG: Main-market listed leading insulation producer in Southeast Asia, PGF Capital Berhad (“PGF Capital” or the “Group”) (stock code: 8117), announced today that its wholly-owned subsidiary, PGF Global Distribution Sdn. Bhd. (“PGF Global”), has entered into a five-year distributorship agreement with Centria Building Material Manufacturing (Shanghai) Co., Ltd. (“Centria International”) (the “Agreement”).
Centria International, a global leader in advanced building materials and solutions, boasts a 20-year track record of providing design, supply, and installation solutions for insulated metal panels. Their solutions have been adopted by various industrial and commercial buildings including data centres, some of which are owned by Fortune 500 companies, as well as hospitals, schools and hotels.
The Agreement grants PGF Global exclusive distributorship rights for Centria International’s mineral wool sandwich panels for the Malaysian market. These panels deliver thermal insulation, demonstrably lowering energy consumption and enhancing indoor comfort. Furthermore, their lightweight nature not only facilitates quicker and more efficient construction processes but also offers fire resistance, sound insulation and long-term durability, making them a versatile solution for a broad range of industrial building applications.
Commenting on the Group’s collaboration with Centria International, Executive Director cum Group Chief Executive Officer, Mr Fong Wern Sheng, expressed his optimism about the partnership. “This collaboration is expected to enhance our market position and drive revenue expansion by unlocking new market opportunities for the Group. The versatility of these high-performance insulation panels allows us to cater to a broader customer base.”
“We see substantial opportunities as Malaysia undergoes a significant boom in data centre development, spurred by the rising demand for digital services and cloud computing. The mineral wool sandwich panels are particularly well-suited as wall facades for these data-centric facilities. They offer excellent thermal performance, which is crucial for maintaining optimal temperatures and reducing cooling costs and energy consumption. Additionally, the fire-resistant properties of the panels enhance building safety by minimising the risk of fire spread. On this note, Centria International’s insulation solutions have been proven to be effective and are adopted in data centres of leading multinational technology companies,” he explained.
The collaboration with Centria International also paves the way for the potential joint establishment of a local manufacturing facility to produce insulated panels with both glass wool and stone wool core options.
