Poly Glass Fibre (M) Bhd (“PGF”) and Malvest Group (“MG”) have inked a joint-venture (“JV”) agreement to develop a new township in Tanjong Malim, Perak. Tan Ming Chong, Fong Wern Sheng, Tan Kian Boon, Dato' Tan Ah Lee, Yeoh Cheng Han in the signing ceremony 29 March 2021

Poly Glass Fibre (M) Bhd is an investment holding company with subsidiaries involved in manufacturing, property development and property investment. Please refer to Corporate Structure for more information.

Manufacturing
PGF Insulation Sdn Bhd, a wholly owned manufacturing subsidiary, is in the business of designing, manufacturing and distributing glass mineral wool insulation for energy efficiency and acoustic comfort. The Company was incorporated in 1984 and has been providing fire safety, thermal and acoustic solutions to the Asia Pacific region market since then.





"Protecting People, Building and the Environment"





With manufacturing plant located in Perai, Penang, the Company manufactures glass mineral wool insulation by using 80% of recycled glass as a key raw material to supply to residential, commercial and industrial sectors. Our export market comprises countries such as Singapore, Australia, New Zealand, Taiwan, Japan, Vietnam, Indonesia, India, Pakistan, Bangladesh, United Arab Emirates, Kuwait, and many more.

For more information, please visit
 www.ecowool.com.my.

Property Development
Golden Approach Sdn Bhd is the developer of Diamond Creeks Country Retreat, located in Tanjung Malim, State Perak of Malaysia. The project site is strategically located adjacent to Proton City. It is approximately 14km from Kampung Stesen Tanjung Malim, 100km from Kuala Lumpur City Centre and 143km from Kuala Lumpur International Airport.

Diamond Creeks


Poly Glass Fibre (M) Bhd (“PGF”) and Malvest Group (“MG”) have inked a joint-venture (“JV”) agreement to develop a new township in Tanjong Malim, Perak. The agreement was signed by Fong Wern Sheng, Executive Chairman of PGF, Tan Ming Chong, Chief Operating Officer of PGF, and Tan Kian Boon, Managing Director of MG. The JV will be undertaken by PGF’s wholly-owned subsidiary Golden Approach Sdn Bhd (“GASB”) and MG’s wholly-owned subsidiary Malvest Properties Sdn Bhd (“MPSB”). Under this JV, PGF will provide the use of approximately 45 acres of its land adjacent to Proton City through GASB, while MG will be responsible to leverage its vast experience in property development and knowledge of the Malaysian property landscape to conceptualize, develop, construct, market and sell the products through its established sales network.

The JV with a gross development value of RM 180 million encompasses more than 400 residential units of different sizes and types to cater for different market needs. The construction is targeted to commence in early 2022 and is set for completion in 2024. MG is an award-winning company founded in 1989 from Penang and has completed and constructed more than 30 projects in Penang, Kelantan and also Kedah with a total of more than 4900 units. The group is always driven by its commitment and passion for developing properties that boast architectural excellence, build values over long term for its customers and enhance their lives.