Summary

Market Cap: 52 M.

Number of Shares: 319 M.

Float: 20.73%.

Stock highly correlated with

OIB (88%)

Furniweb Industrial Products Berhad, an investment holding company, through its subsidiaries, is primarily engaged in the manufacture and sale of upholstery webbing, yarn, and metal components for the furniture industry. The company's products include furniture webbing for use in the furniture industry as support for seats and the back of sofas; industrial and safety webbing for use in lifting, lashing, and safety applications, such as cargo slings, tie downs, industrial safety harness, and helmet straps; seat belt webbing for use in automobiles; and rigid webbings. It also offers covered elastic yarn, which is used in stretch fabric, narrow elastic fabrics, socks, gloves, bandages, and other apparel; rubber strips and sheets for use in items that require elasticity, such as sportswear, underwear, and swimwear; narrow elastic fabrics used for intimate apparels; meat netting for packing of meat, root ball netting to transplant trees and shrubs, and chicken loop; and recliners. In addition, Furniweb is also engaged in property holding, trading of machinery and accessories, and acts as a commission agent. The company sells its products in Malaysia, the Asia Pacific, and Europe. Furniweb was founded in 1983 and is headquartered in Cheras, Malaysia.

Sectors: Industrial Products, Apparels, Furniture, Packaging, Penny Stocks, Personal Goods

Code: 7168

Website: http://www.prg.com.my

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Updated on 29-Mar-2019