Ibraco to diversify into steel manufacturing operations

By JACK WONG

File pic shows developer a model of one of Ibraco's projects The company is diversifying into steel manufacturing

KUCHING: Property developer Ibraco Bhd is set to diversify into the steel-related business via its latest investment to set up a steel manufacturing plant here.

The group’s wholly-owned subsidiary Ibraco Ascent Sdn Bhd will undertake the operation of the plant, which is expected to commence by 2023.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Ibraco , diversify , stee manufacturing , Ibraco Ascent Sdn Bhd ,

Next In Business News
Shin Yang secures RM117.7mil vessel deal
Perak Transit appoints Ismail Jamal as general manager
Pantech cautiously positive on outlook
AmBank Group provides RM103.8mil financing for Kedah solar project
Malaysia Aviation Group names Bryan Foong airline business CEO, Low Wen Long strategy chief
FBM KLCI rebounds to reclaim 1,700 level
Oil prices fall as risks from Kazakh production halt subside
Gold zooms past US$4,800 for the first time as Greenland tensions simmer
Maybank aims to mobilise RM300bil in sustainable finance by 2030
Airbus reaffirms long-term commitment to Malaysia’s aerospace sector

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.