31 May 2022 News In Brief
Source: BERNAMA – News in brief: May 31, 2022
PGF Capital Bhd (PGF), which is involved in the design, manufacture and distribution of glass mineral wool insulation, has registered a wholly-owned subsidiary known as PGF Insulation Pty Ltd in Victoria, Australia under the Australian Corporations Act 2001.
In a statement today, PGF said, while the Group has been exporting to markets such as Southeast Asia, South Asia, the Middle East, and Asia Pacific, the newly incorporated subsidiary will act as a platform to undertake its expansion of businesses in manufacturing division in the Oceania region.
Executive chairman Fong Wern Sheng said the establishment of the subsidiary in Australia, coupled with the setting up of its regional headquarters in Melbourne, Victoria will enable the Group to be in closer proximity to the Oceania market, increasing its ability to read and analyse customer needs and respond in a timely manner.
We are currently looking to set up multiple warehouses in the Oceania region to serve as our logistic and distribution hubs, he said and adding the Group will set up these logistic and distribution hubs in stages and expect to have at least three hubs to be in operation by the third quarter of 2023.