World’s largest IBS system operation in Iskandar Malaysia

GELANG PATAH, 5 Aug 2017: 

China-controlled Country Garden Pacificview Sdn Bhd’s industrialised building system (IBS) plant here, which is set to become the world’s largest IBS base when fully operational, is officially launched yesterday.

Executive director Datuk Md Othman Yusof said RM470 million has so far been invested to build three facilities in the first phase of the project – which features state-of-the-art technologies from Italy, Germany and China.

“The plant is able to produce 260,000 cubic meters of IBS materials that can be used to build one million square meters of building space,” he said at the launch of the IBS base in Forest City here.

The China firm will invest RM2.6 billion in the three phases of development of the IBS plant, which will have six facilities. When fully completed within the next three to five years, it is expected to be the world’s largest IBS base.

Md Othman said Malaysia would benefit from the project through job creation and the transfer of technology.

Chief executive officer Su Baiyuan said the IBS Forest City plant would be the world’s most sophisticated IBS base.

“It is more than a pre-fabricated component production factory since it is an industry-innovation hub with excellent design mode, smart factory, digital logistics and a full informative industry chain.”

He said the IBS project could transform the construction sector landscape in Johor through modernisation in construction technology.

“Johor needs high-impact and high-tech investment projects. At the same time, it needs to reduce dependence on labour and upgrade skilled and semi-skilled jobs.”

In May, after chairing a roundtable meeting with 12 Johor’s industry players in Forest City, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the plant would help the country reduce dependency on foreign labour when completed – become more productive and efficient, as well as shorten project completion time.

“Currently, three production lines are in operation, while the rest is in the testing stages. By June 2017, there will be a total of 12 production lines.”

Forest City also forged strategic alliances with 21 local and international industry players to create more opportunities for the people of Johor to be involved in the state’s economic development.

Leading companies involved in the medical and healthcare, education and training, tourism, financial services, new technologies, smart cities, and green technology development sectors are taking part in the collaboration.

A the end of last year, Forest City fostered strategic alliances with 36 companies from various industries in its quest to build smart and green cities on its four man-made islands.

Among them were Huawei, Cisco, Accenture, Midea, China Construction Steel Structure Corporation, Deutsche Bank (Asia Pacific), and Bank of China (Malaysia) which are on the Fortune 500 list.

Tunku Mahkota of Johor Tunku Ismail Sultan Ibrahim also launched the Carnelian Tower, a new icon on Forest City – which will house a commercial area, a duty-free shopping mall, an educational centre and incubators for small and medium enterprise entrepreneurs.

Md Othman said the 500,000-sqm landmark is being developed in three phases and construction has begun.

Chief strategic officer Dr Yu Runze said the Forest City duty-free area, which is expected to be fully operational in November, is expected to attract more tourists to the artificial islands.

Last year, Forest City drew about 160,000 tourists and the number is expected to remain unchanged this year.

– Bernama

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