- CEO
- Boon Lian Kang
- Full Time Employees
- 733
- Sector
- Process industries
- Industry
- Textiles
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Oct 17, 2003
- Business
- PRG Holdings Berhad is a Malaysia-based investment holding company operating across energy efficiency management solutions, specialized industrial manufacturing, property development and construction, and healthcare. Founded in 2001 and headquartered in Petaling Jaya, Selangor, Malaysia, the company was formerly known as Furniweb Industrial Products Berhad before changing its name to PRG Holdings Berhad in 2015. The company operates through four principal business segments: Energy Efficiency Management Solutions, Manufacturing, Property Development and Construction, and Healthcare.
The Energy Efficiency Management Solutions segment provides turnkey energy performance contracting; centralized chilled water system design, retrofitting, and optimization; heating, ventilation, and air conditioning (HVAC) engineering; building management systems (BMS); real-time measurement and verification (M&V) analytics; IoT-enabled energy monitoring; and energy conservation services for commercial buildings, data centers, hospitals, semiconductor facilities, and industrial complexes.
The Manufacturing segment manufactures and distributes elastomeric and specialized textile components, operating through its Hong Kong-listed subsidiary Furniweb Holdings Limited. Its product offerings include narrow elastic fabrics, elastic webbing, and covered elastic yarn for the apparel, intimate wear, and swimwear sectors; rigid webbing, tie-down straps, and safety harness webbing for industrial, cargo, and fall-protection equipment; automotive seatbelt webbing and interior trim materials for vehicle manufacturers; and furniture webbing and elastic cords for upholstery manufacturing.
The Property Development and Construction segment develops, manages, and constructs high-rise residential properties, mixed-use commercial developments, and master-planned residential communities in Malaysia, including flagship developments such as Picasso Residence in Kuala Lumpur and Embayu at Damansara West in Selangor.
The Healthcare segment provides specialized medical and healthcare services, including fertility treatments, assisted reproductive technologies, and healthcare facility management.
Geographically, the company maintains operations, manufacturing facilities, and engineering offices across Malaysia, Singapore, Vietnam, and Hong Kong, distributing its products and technical services to clients throughout the Asia-Pacific region, North America, and Europe.
In recent developments, PRG Holdings Berhad has undertaken a major strategic transformation to position energy efficiency management and green building technologies as its central growth engine. Through its subsidiary Furniweb Holdings Limited, the company completed the full acquisition and consolidation of Energy Solution Global Limited and its core operating arm, Measurement & Verification Pte Ltd (M&V), expanding its market share in smart cooling systems and high-efficiency chilled water plant engineering across Singapore and Malaysia. Alongside this acquisition, the group has streamlined its corporate structure by realigning capital expenditure toward high-yield energy performance contracts, divesting non-core agricultural and legacy assets, and upgrading its manufacturing plants in Vietnam and Malaysia with automated production lines for eco-friendly textile products. The company has also expanded strategic collaborations with commercial property owners and industrial operators in the ASEAN region to implement carbon-reduction solutions and AI-driven building automation systems.