Future Proofers
More and more buildings and parts of buildings are being built off site.
As construction companies look to boost productivity and gain greater margins, precast techniques are beginning to soar in popularity. By 2023, precast construction demand is set to reach $185.35bn, enjoying an annual growth rate of around 6.5 percent.
Asia Pacific is anticipated to be a major regional market over the next few years, largely thanks to rapidly growing populations in the region which has led to massive demand for affordable housing. Increasing disposable income in developing countries is also driving this trend.
Straits Construction Singapore is very much riding on this wave, and an interview with Managing Director and CEO Wong Chee Herng forms the basis of this edition’s cover story.
With an established precast hub already in operation, it is investing in the future, as Chee Herng comments in relation to another technology, building information modelling (BIM): “The push for higher quality and productivity using technologies in our industry has made BIM mainstream for our projects…
“Our journey with BIM has also taught us that to be successful here, we must also remain mindful of new trends, and be ready to adapt when necessary.”
Equally investing in the future is Honeywell Aerospace. We spoke to Satesh Ramiah, its Senior Director of Commercial Aviation across Asia Pacific, about the rise of maintenance, repair and overhaul (MRO) business across the region and how its predictive maintenance solutions are helping airlines forecast faults before they occur.
We further explore technological innovation with Malaysian firm Bestinet, a specialist in migration management solutions, while three other features this issue concentrate on the region’s energy industry. First is an interview with the ASEAN Centre for Energy, followed by exclusive insights from Gas & Oil Pakistan and another Malaysian enterprise in the form of NUR Power, key supplier to the Kulim Hi-Tech Industrial Park.
Finally, a nod towards a busy business travel guide section this issue with no fewer than four destinations explored, starting in Myanmar and followed by looks at Phuket, India and Nepal. Four very different parts of the Asian continent, but equally inspiring with what they have to offer, from stunning mountainous scenery to bustling melting pots of modern and traditional culture.
Enjoy the issue!