Petra diversifies into furniture manufacturing with various brands

KUALA LUMPUR: The Petra Group has invested RM45mil in a new furniture business through Petra Mobilia as it aims to push for greater use of technology in the local furniture manufacturing industry.

With the new deal, Petra Mobilia now owns brands such as RIZE, Sofaitalia and furniture manufacturing facilities. The company is also a shareholder in the Sofa Bed Company, registered in Malaysia, that has the agreement to supply Sofabeds and Recliners to Tempur Sealy International.