Mah Sing plans to set up IBS plant in Southville City


  • Business
  • Tuesday, 07 May 2019

A 6% goods and services tax that will start in April 2015 is expected to result in higher property prices, Tan Sri Leong Hoy Kum, group managing director of Mah Sing, said in an interview yesterday. The company is targeting sales of RM3.6bil this year, he said.

PETALING JAYA: Mah Sing Group plans to set up a permanent Industrialised Building System (IBS) precast concrete plant in its township Southville City, KL South, in collaboration with potential partners from China.

The IBS plant is expected to produce a range of IBS components such as precast concrete panels, concrete slab columns, concrete wall panels and beams, among others.

The property developer said in a statement that the IBS plant would allow Mah Sing to market and install IBS components at its own projects, as well as other developments, including the government’s affordable homes and government projects.

This follows the recent visit by Mah Sing’s senior management team to several cities in China, including Changsha and Shanghai, with Housing and Local Government Minister Zuraida Kamaruddin.

In Changsha, the delegation met heavy equipment manufacturer Sany Heavy Industry Co. Ltd, which will potentially assist in establishing an IBS manufacturing plant, and transfer technology on manufacturing precast concrete components.

Meanwhile, in Shanghai, the delegation had a discussion with Nantong Sijian Construction Group Co. Ltd, one of China’s top-100 companies in the construction industry.

Mah Sing is exploring Nantong Sijian’s role in training Malaysian contractors on the installation of IBS components.


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Mah Sing , IBS , plant , Southville City , China , Sany , Nantong Sijian ,

   

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