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Name
Avarga Ltd
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Profile
Avarga Limited, an investment holding company established in Singapore in 1967, operates as a subsidiary of Maybank Nominees (Singapore) Private Limited. The company functions across three principal divisions: paper manufacturing, wholesale building product distribution, and other investment-related ventures. Its Paper Mill Division specializes in producing industrial-grade paper products, including testliner, corrugating medium, chip board, and core board, primarily from recycled wastepaper. These outputs are largely utilized in the creation of corrugated carton boxes and various other finished paper items. This segment also manages wastepaper collection and trading, alongside providing management services. Its global reach encompasses Canada, the United States, Malaysia, Singapore, Sri Lanka, and numerous other international markets such as the Pacific Rim, Central and South America, the Middle East, and Europe. Through its Wholesale Distribution of Building Products arm, Avarga supplies a diverse range of construction materials. This offering includes lumber, panels, mouldings, sidings, engineered wood, flooring, roofing, and insulation. Additionally, the company's "Others" segment involves trading recycled fibre and engaging in various investment pursuits. Avarga Limited adopted its current name in April 2018, having previously been known as UPP Holdings Limited.
Key people
Hsien Ming Khoo
President - Investments and Power Generation · since 2019
Russell Permann
Co-Chief Executive Officer - Taiga · since 2021
Executive Chairman of the Board · since 2020
Eng Chew Lee
Executive Vice President (Corporate and Legal Service) of UPP Capital (M) Sdn. Bhd.
Lai Yeen Tai
Group Finance Manager · since 2010
Lay Hoon Chan
Non-Executive Director · since 2019
Independent Director · since 2013
Independent Director · since 2013
Non-Executive Independent Director · since 2019
Valuation
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