GAMUDA Industrial Building System Sdn Bhd (GIBS) and Crest Builder Sdn Bhd (CBSB) will be working together in prospective tenders, projects and business opportunities.
The end-to-end digital IBS solutions provider and the construction company has today entered into a memorandum of understanding (MoU), the companies said in a joint statement today.
The MoU, which was signed by Gamuda Engineering managing director Datuk Ubull Din Om and CBSB chief executive officer Teh Hock Hua, will also allow both parties to evaluate the scope of work to be carried out by them in their potential cooperation.
“Industry 4.0 is transforming project deliveries in property development in a way that manufactured homes will now become a mainstay.
“Our partnership with developers is aimed at bringing to market the next level of building solutions that will be transformative to the building construction industry.
“It will accelerate the adoption of prefab products across industry and elevate the supply chain for improved quality, safety and productivity,” said Ubull Din Om.
Meanwhile Teh noted: “As Crest Builder aspires to become a global player, the valuable exchange of professional knowledge and best practices that will be shared in this partnership with Gamuda IBS will continually sharpen our goal towards providing our best services and reaching our aspiration.”
Digital IBS is spearheading the local construction industry towards greater excellence through design flexibility, faster delivery and minimal construction waste.
As at 10.47am today, CBSB shares traded at 72 sen with a market capitalisation of RM128.27 mil, while Gamuda Bhd traded at RM3.43 with RM8.62 bil market capitalisation. – Nov 4, 2020