How much has MGB Bhd invested in its new IBS precast concrete plant?

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MGB Bhd Invests RM40 Million in New IBS Precast Concrete Plant

MGB Bhd has invested RM40 million in its newly opened pioneer permanent Industrialised Building System (IBS) precast concrete plant. The facility, located in Nilai, spans a built-up area of 119,017 square feet and is designed for the production, marketing, sales, and installation of various IBS components.
Plant's Production Capabilities

The new plant is equipped to manufacture a range of IBS components essential for modern construction. These include precast concrete panels, concrete wall panels, concrete slabs, as well as columns and beams. This comprehensive production capability allows MGB to cater to diverse construction needs using the Industrialised Building System.
Joint Venture Partnership

This significant investment in the IBS precast concrete plant represents a joint venture between MGB Bhd, a subsidiary of LBS Bina Group Bhd, and Sany Construction Industry Development (M) Sdn Bhd. Sany Construction Industry Development (M) Sdn Bhd is itself a subsidiary of the China-based Sany Group Co Ltd, indicating a strategic collaboration for enhanced manufacturing and market reach.
Strategic Market Expansion

The RM40 million investment underscores MGB's strategic commitment to expanding its presence and capabilities within the local IBS market. This move is particularly timely given the government's ongoing promotion of IBS adoption in both public and private sector projects, which is expected to drive substantial growth in the IBS market in the coming years.

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How much has MGB Bhd invested in its new IBS precast concrete plant?

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