The history of the Leweko Group can be traced back to the establishment of Maju Weko Timber Industries Sdn Bhd (MWTI) and Leong Yoke Wing Timber Industries Sdn Bhd in 1973. MWTI was initially focused on the processing and sales of sawn timber. The business later expanded to incorporate kiln drying and treatment of logs, and the manufacturing of wood moulding products. MWTI was the concession holder of approximately 9000 acres of forest reserves in the state of Perak Darul Ridzuan.
The Group’s involvement in the manufacturing and sales of sawn and moulded timber was discontinued in 2017. The Group has also since then discontinued its business operations in the trading of logs, timber harvesting and other timber related activities.
Currently, the Group is principally involved in the following business activities:
i. Precast Concrete - Manufacturing, construction and installation of precast product.
ii. Property Development - Development of commercial and residential real estates, construction of housings, buildings, infrastructure and other related contract works.
iii. Investment Holding - Investment in real estates and businesses, and provision of management and corporate services
The precast concrete business has been the main contributor to the revenue of the group for the past two (2) financial years (i.e. 2018 and 2019), attributing more than 50% of the Group’s total revenue whilst the property development business contributed towards the remaining balance.