P.A. Resources Berhad announced that its wholly owned subsidiary has renewed a supply agreement with First Solar Inc, First Solar Malaysia Sdn Bhd and First Solar Vietnam Manufacturing Co. Ltd. for the supply of aluminium extrusion profiles used in the production of photovoltaic (“PV”) modules.
This RM1.3 billion contract, approximately USD322.2 million, for a period of 18 months commencing from 1 July 2026. The latest contract marks the fifth supply agreement secured from First Solar, reflecting the strong relationship and consistently meeting their stringent quality standards.
The Group added that it has obtained the necessary approvals from the authorities, including the Development Order, and that construction of the new plant on newly acquired land is currently underway. The plant is targeted to commence operations in the second half of 2027 and is expected to more than double the Group’s existing monthly production capacity from 3,500 tonnes to 8,500 tonnes.
The Group said it is collaborating with a reputable foreign strategic partner to venture into the system window and door segment, offering products with enhanced soundproofing and thermal insulation capabilities through its subsidiary P.A. Project Marketing Sdn Bhd. This new venture aims to capture the growing demand for energy-efficient building solutions while diversifying the Group’s revenue stream.
