Paragon Union Bhd - Company Profile
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Paragon Union Bhd (Paragon) carries out the manufacturing and distribution of commercial carpets, rugs, and automotive carpets. Its major products include noise, vibration, and harshness (NVH) components; commercial carpets; and recycled metal products such as aluminum ingots and carbon blocks. Paragon serves original equipment manufacturers (OEMs) in the automotive industry, including brands such as Perodua, Proton, KIA, Nissan, BMW, Mitsubishi, Peugeot, and Isuzu, and also caters to commercial and recycling sectors. The company has expanded its operations to include a recycling division, trading recycled metal and related materials. The company operates from its facilities in Malaysia, targeting markets in various regions including Indonesia, Thailand, and China. Paragon is headquartered in Cheras, Selangor, Malaysia.
Headquarters
Malaysia
Address
Lot 14, Jalan Satu, Kawasan Perindustrian Cheras Jaya, Batu 11, Kuala Lumpur (Federal Territory of), 43200
Website
paragon.com.my
Telephone
60 3 90861100
No of Employees
467
Industry
Construction
Ticker Symbol & Exchange
PARAGON (KUL)
Revenue (2024)
$13.7M
-31.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-132.4%
(2024 vs 2023)
Market Cap*
$124.4M
Net Profit Margin (2024)
XYZ
-147.4%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products |
|---|
| Car Carpets and Components |
| Machine-Tufted Carpets |
| Axminster Carpets |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In September, the company signed a conditional share sale agreement to sell Paragon Car Carpets & Components Sdn Bhd to Oceancash Pacific Berhad. |
| 2023 | Plans/Strategy | In January, the company announced its plans to sell industrial land in Cheras, Selangor for RM17.5 million to D’nonce Technology Bhd. |
| 2021 | Acquisitions/Mergers/Takeovers | In January, AKK Capital Sdn Bhd announced to acquire 39.98 million shares, which representing a 60.41% stake in Paragon Union Berhad. |
Competitor Comparison
| Key Parameters | Paragon Union Bhd | Victoria PLC | Oriental Weavers Carpet Co | The Dixie Group Inc | TCM Corp PCL |
|---|---|---|---|---|---|
| Headquarters | Malaysia | United Kingdom | Egypt | United States of America | Thailand |
| City | Cheras | Worcester | Cairo | Dalton | Bangkok |
| State/Province | Kuala Lumpur (Federal Territory of) | Worcestershire | - | Georgia | Bangkok (Krung Thep Maha Nakhon) |
| No. of Employees | 467 | 6,307 | - | 951 | 1,202 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Koon Hoi Chun | Executive Chairman | Executive Board | 2022 | 45 |
| Wong EE-Coln | Managing Director; Director | Executive Board | 2022 | 45 |
| Tan Vei Teck | Director | Executive Board | 2021 | 40 |
| Puan Haleza Binti Hussin | Head - Costing | Senior Management | - | 54 |
| Tan Tong Lang | Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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