Ibraco to diversify into steel manufacturing operations

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.