MEA­SURED IN­VEST­MENT

COUN­TRY Gar­den Hold­ings Ltd is in­vest­ing RM2.6 bil­lion to build an In­dus­trial Build­ing Sys­tem fac­tory in For­est City, Jo­hor. Com­pris­ing six fa­cil­i­ties, it will be the world’s largest once com­pleted.

New Straits Times - - Business - RIZALMAN HAMMIM GE­LANG PATAH (Jo­hor) bt@me­di­aprima.com.my

CHI­NESE prop­erty gi­ant Coun­try Gar­den Hold­ings Ltd will in­vest about RM2.6 bil­lion to build an In­dus­trial Build­ing Sys­tem (IBS) fac­tory, here.

The planned fac­tory at Coun­try Gar­den’s US$100 bil­lion (RM427.9 bil­lion) For­est City de­vel­op­ment boasts six fa­cil­i­ties and will be the largest in the world once com­pleted.

Coun­try Gar­den Paci­ficview Sdn Bhd (CGPV) ex­ec­u­tive di­rec­tor Datuk Md Oth­man Yu­sof said the first phase in­volved the con­struc­tion of three fa­cil­i­ties.

“We have al­ready in­vested RM470 mil­lion to build the first fa­cil­ity, which is equipped with the lat­est tech­nol­ogy and mod­ern ma­chin­ery from Italy, Ger­many and China.

“This fac­tory will pro­duce 260,000 cu­bic me­tres of ma­te­ri­als that will cover one mil­lion square me­tres of built area an­nu­ally,” he said yes­ter­day.

Also present yes­ter­day were Coun­try Gar­den chief ex­ec­u­tive of­fi­cer Mo Bin and CGPV chief ex­ec­u­tive of­fi­cer Su Baiyuan.

Oth­man said the fac­tory had gen­er­ated trans­fer of knowl­edge and cre­ated em­ploy­ment op­por­tu­ni­ties for lo­cals.

“Of the staff of 201 peo­ple, 90 per cent of whom are lo­cals. The spillover of our de­vel­op­ment is al­ready be­ing en­joyed by the lo­cal com­mu­ni­ties,” he added.

Su said it wanted to de­velop the For­est City IBS fac­tory into the world’s most ad­vanced plant.

“By in­tro­duc­ing well-de­vel­oped de­sign and con­struc­tion con­cepts from Sin­ga­pore and co­op­er­at­ing with EBAWE of Ger­many and Eurofins of Italy, For­est City is de­vel­op­ing a char­ac­terised IBS pro­duc­tion sys­tem, ” said Su.

State Tourism and Do­mes­tic Trade and Con­sumerism ex­ec­u­tive com­mit­tee chair­man Datuk Tee Siew Kiong said the fac­tory would change the land­scape of the con­struc­tion in­dus­try there.

He said based on Malaysian In­vest­ment De­vel­op­ment Author­ity data, China’s in­vest­ments in the man­u­fac­tur­ing sec­tor in Jo­hor rose 2,376 per cent to RM695.6 mil­lion last year, from RM28 mil­lion in 2015.

PIC BY MOHD AZREN JAMALUDIN

Jo­hor Tourism and Do­mes­tic Trade and Con­sumerism ex­ec­u­tive com­mit­tee chair­man Datuk Tee Siew Kiong (fourth from left) of­fi­ci­at­ing at the launch of Coun­try Gar­den Hold­ings’ first In­dus­trial Build­ing Sys­tem fac­tory in For­est City, Jo­hor Baru, yes­ter­day. With him are Coun­try Gar­den chief ex­ec­u­tive of­fi­cer Mo Bin (third from right) and Coun­try Gar­den Paci­ficview Sdn Bhd ex­ec­u­tive di­rec­tor Datuk Md Oth­man Yu­sof (se­cond from right).

PIC BY MOHD AZREN JAMALUDIN

(From left) Coun­try Gar­den chief ex­ec­u­tive of­fi­cer Mo Bin, Jo­hor Tourism and Do­mes­tic Trade and Con­sumerism ex­ec­u­tive com­mit­tee chair­man Datuk Tee Siew Kiong and Coun­try Gar­den Paci­ficview Sdn Bhd ex­ec­u­tive di­rec­tor Datuk Md Oth­man Yu­sof at the In­dus­trial Build­ing Sys­tem fac­tory in Ge­lang Patah, Jo­hor, yes­ter­day.

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