Forest City master developer launches RM2.6bil IBS base


  • Business
  • Saturday, 05 Aug 2017

Token of appreciation: Country Garden Pacificview (CGPV) CEO Su Baiyuan (second from left) presenting a souvenir to Tee after the opening ceremony for the Forest City Industrialised Building System (IBS) manufacturing plant at Gelang Patah. Looking on are Country Garden Holdings CEO Mo Bin (left) and Mohd Othman.

GELANG PATAH: In response to the nation’s call for a green and smart construction industry, Country Garden Pacificview Sdn Bhd (CPGV) – the master developer of Forest City, launched its Industrialised Building System (IBS) base with a projected cost of RM2.6bil.

The entire base would span 168.7 ha and is said to be the largest of its kind in the world.

The base, located about 15 minutes from the Forest City sales gallery, would house six factories to be built in two phases.

The six factories are expected to be completed in the next three to five years. CPGV executive director Datuk Mohd Othman Yusof said the adoption of IBS in the building industry would greatly reduce air and noise pollution around construction areas.

“It will also help the nation reduce dependency on foreign labour, besides becoming more productive and efficient as well as reducing the completion period of a project,” he said during the launch here yesterday.

Mohd Othman said RM470mil was invested to build the first 7.24ha factory in the base, built with the latest technology and modern machinery from Italy, Germany and China.

As a developer of a project that takes at least two decades to complete, CPGV emphasises on creating safer and sustainable construction environment.

IBS refers to the new production mode, where construction parts are manufactured in a modernised factory then delivered to the construction site to be assembled.

“Compared to the conventional methods, IBS standardises design, while digitising, automating and modernising the process of construction, building parts of production to save time,” said CGPV chief strategy officer Dr Yu Runze.

He said in the long run, when the IBS base development enters its fourth factory, would they be able to see a significant drop in construction cost compared to using the conventional construction method. He said however, the significance in cost reduction compared to the conventional method depends on the scale of the respective project. Yu added that overall, applying IBS in the construction sector could save water usage by 80% and reduce construction waste by 60%.

“This would mean shorter waiting time for residents to move into their house as everything is pre-manufactured and the quality is ensured and consistent,” he added.

Johor Tourism, Domestic Trade and Consumerism Committee chairman Datuk Tee Siew Kiong said the IBS development is set to change the construction landscape in the state with the use of modern technology.

“The state needs high-impact investments like this that can help reduce dependency on foreign labour and create opportunities for skilled and semi-skilled workers,” he said.

Tee added that China was the fifth highest investor in Johor last year with seven invesments from the 10th place in 2015 with two investments.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Business , country garden

   

Did you find this article insightful?

Yes
No

Across the site