Pekan Nenas, Johor, 12 October 2022 – Paragon Globe Berhad (“Paragon Globe”) through its wholly owned subsidiary, Paragon Bizhub Sdn Bhd (“Paragon Bizhub”) introduced its design and build factory in Mukim Jeram Batu.
Shimano Components (Malaysia) Sdn Bhd (“Shimano Components”) who has been investing in Malaysia since established its manufacturing plant in Pekan Nenas, Johor, Malaysia in 1990, purchased two units of the single-storey detached factory with a double storey office in Pekan Nenas Industrial Park with built-up area of 135,343 sq ft and land area measuring approximately 4.95 acres for RM45 million based on Paragon Bizhub’s design and build concept. The manufacturing factory is expected to be completed in 2024.
Mr. Chia Chin Seng, Managing Director of Shimano Components, said, “These two units complement our existing manufacturing facility in Pekan Nenas and we will continue to invest. This transaction marks another milestone in Shimano Components’ portfolio and in line with the Company’s growth and expansion. We are very pleased to build a good business relationship with Paragon Globe.”
Dato’ Sri Edwin Tan Pei Seng, Executive Chairman of Paragon Globe, said, “we are pleased to foster a good business relationship with Shimano, a Japanese multinational manufacturing company with a renowned name in the bicycle components manufacturing and fishing equipment, and it demonstrates the confidence of Shimano Components with Paragon Globe’s capabilities to provide a well-planned industrial project.”