Wegmans Holdings Bhd.
MMYX:WEGMANS0.11
MYR
0.00
(0.00%)
ISIN
MYQ0197OO002
Return %
Stock
S&P 500
1Y
0.00
14.39
3Y
-41.67
81.42
5Y
-61.82
68.62
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Wee Kiet Keh
- Full Time Employees
- 775
- Sector
- Consumer durables
- Industry
- Home furnishings
- Address
- Muar Malaysia
- IPO Date
- Mar 6, 2018
- Website
- wegmans.com.my
- Similar Companies
- Business
- Wegmans Holdings Berhad is an investment holding company that specializes in the design, manufacture, and export of residential wooden furniture and precision hardware components. Founded in 1994 and headquartered in Muar, Johor, Malaysia, the company operates primarily as an Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM), supplying multinational furniture retailers, wholesalers, and home furnishing distributors across North America, Europe, Asia-Pacific, South America, and the Middle East. The company operates through three principal business segments: Furniture Manufacturing, Hardware and Component Manufacturing, and Investment Holding. Its comprehensive product and service offerings encompass: dining room furniture, including solid wood dining tables, upholstered dining chairs, dining benches, sideboards, buffet cabinets, and display cases; living room furniture, including coffee tables, console tables, end tables, television units, and wooden sofa structures; bedroom furniture, including bed frames, headboards, nightstands, dressers, chests of drawers, and modular wardrobes; home office furniture, including study desks, work surfaces, and modular shelving systems; precision hardware components, including metal stamping parts, brackets, and customized furniture fittings; and comprehensive contract manufacturing services, including custom computer-aided design (CAD) modeling, rapid prototyping, timber kiln-drying, automated electrostatic spray finishing, CNC wood carving, and flat-pack export packaging. The group executes its core manufacturing operations through key operating subsidiaries, including Wegmans Furniture Sdn. Bhd., Wison Metal Sdn. Bhd., Wison Wood Industries Sdn. Bhd., and Regency Furniture Sdn. Bhd. Its centralized manufacturing facilities and warehouses are situated across industrial hubs in Muar, Johor, with the majority of total revenue generated from international export markets, particularly the United States, Canada, the United Kingdom, Japan, and Australia. In recent operational and strategic developments, Wegmans Holdings Berhad has accelerated its upstream vertical integration and manufacturing modernization initiatives. The company expanded its precision engineering capabilities through the operational integration of Wison Metal Sdn. Bhd., enabling in-house production of metal and hardware components to optimize production lead times and reduce component sourcing costs. The group has also expanded its manufacturing footprint in Muar through the construction of additional factory buildings and the deployment of automated woodworking machinery and digital inventory management systems. To address shifting global demand and stringent trade standards, Wegmans has broadened its ODM portfolio to include contemporary minimalist lines utilizing certified sustainable timber and non-toxic, eco-friendly coatings. In addition, the group has implemented sustainability programs across its operational sites, including the installation of industrial rooftop solar photovoltaic (PV) systems to optimize energy consumption and enhance environmental, social, and governance (ESG) compliance for international retail partners.