KUCHING-based property developer Ibraco Bhd has successfully completed its first delivery of mild steel cement lined (MSCL) pipes produced from its wholly-owned subsidiary Ibraco Ascent Sdn Bhd at the latter’s new manufacturing plant located at Demak Laut Industrial Park Phase III.
The inaugural delivery of MSCL pipes will be utilised for the development of the water infrastructure within the Kuching Urban Transportation System (KUTS) project. MSCL pipes are usually used for water-related developments due to its resilience and reliability in corrosive conditions.
“The completion of this maiden delivery marks the full operational readiness of Ibraco Ascent’s pipe manufacturing plant to cater to the expansion of water infrastructure in Sarawak,” Ibraco pointed out in a media statement.
“Designed to meet the state’s growing water infrastructure needs, Ibraco Ascent’s pipe manufacturing plant was set up to facilitate Sarawak’s Water Supply Master Plan with a focus on achieving 100% water supply coverage across the East Malaysia state.”
The Sarawak Water Supply Master Plan which has outlined the development of water supply in Sarawak for the period until 2025, 2040 and 2070 incorporates three strategic cores including (i) water demand; (ii) water treatment and distribution; and (iii) water quality and sufficiency for both raw and treated water.
In addition to help meet Sarawak’s strategic water needs, Ibraco Ascent’s pipe manufacturing plant is also sustainability-oriented in tandem with the Ibraco Group’s commitment to embrace ESG (environment, social and governance) across its operations and generate tangible value creation for all its stakeholders.
Currently employing 35 local staff, Ibraco Ascent plans to expand its workforce to over 60 employees by 2025 as it broadens its production to include pipe fittings such as bends, tees and reducers.
This growth reflects the company’s commitment to community development and local employment.
Ibraco Ascent’s manufacturing plant is also equipped with advanced technologies, including automated welding systems, hydrostatic pressure testing, and bitumen coating stations, ensuring each pipe is built to last.
The company adheres to rigorous quality control measures, employing ultrasonic thickness gauges, hydrostatic testing equipment and radiographic testing to maintain high production standards.
At 3.30pm, Ibraco was up 2 sen or 1.72% at RM1.18 with 716,500 shares traded, thus valuing the company at RM644 mil. – Nov 11, 2024
