The Company was formed by Perbadanan Kemajuan Negeri Selangor (“PKNS”) to spearhead the construction sector especially for Bumiputra. During the 1980's, competition in developing properties and housing area within the town and outer districts between the private and public sector has been increasing tremendously. In March 1981, one of the Selangor State of Government's Statutory Agency, Selangor Economic Development Corporation (“SEDC”) or Perbadanan Kemajuan Negeri Selangor (PKNS) has taken this fabulous opportunity by embarking on a joint venture with a company from Germany (Praton Haus) to produce pre-fabricated building components and built houses on plots of land provided by SEDC/PKNS.
On 18 March 1981, PKNS Praton Haus Berhad was formed as one of the providers of pre-fabricated houses for PKNS at that time. Up until the year 1991, the company has successfully built and completed various types of pre-fabricated houses totalling around 7,000 units. On 31 March 1990, the Company successfully set up a factory manufacturing roof tiles in Salak Tinggi, Sepang under ESTEE TILES trademark for the supply to the local market such as PKNS Projects and its associate companies. Other ready to use concrete and other cement based materials were also produced under Praton Mix trademark.
In 1991, the company was fully acquired by PKNS and the name was changed to PKNS Engineering & Construction Bhd (PECB) with an initial paid-up capital of RM 6.0 million of the total RM 10.0 million authorized capital. Various diversification activities were also carried out such as construction of commercial and industrial buildings via conventional methods besides pre-fabrication. In 1993, the company established P & M Concrete Sdn Bhd, a joint venture with Mega Pascal Berhad to produce ready to use concrete.
By end of the year 2005, PECB has successfully built and completed more than 16,500 units of houses, on a joint venture basis to utilize its resources and expertise on specific projects mainly on building and infrastructure. In the year 2000, the company upgraded Estee Tiles factory in Salak Tinggi to fulfil increasing demand by the clients.
The Company successfully achieved the ISO9001:2000 certification on 22 July 2003.
Seeing the tremendous opportunity in property development, PECB started focusing in that field and with that has changed its name to PECB Properties Berhad to better reflect our business direction.