PRECAST concrete producer Sarawak Consolidated Industries Bhd (SCIB) will no longer confine its business activities in its home state of Sarawak.
The company has set a new milestone with expansion of construction activities into the sphere of affordable residential housing in Peninsular Malaysia.
This follows the acceptance of a letter of award (LOA) for a RM135 mil engineering, procurement, construction and commissioning (EPCC) contract by its wholly owned subsidiary SCIB Properties Sdn Bhd from Puncak Gemilang Melati Sdn Bhd.
The EPCC contract is for Phase 1 of a civil servants housing project located in Muallim, Perak under the Malaysian Civil Servants Housing Programme (PPAM) comprising 345 single-storey houses, 455 double-storey houses and 28 shop lot units.
The project is scheduled for completion within 26 months from April 1 with the scope of the LOA involving overall earthwork, infrastructure and building as well as mechanical and engineering works and ancillary works.
“We are committed under the umbrella of PPAM and PR1MA to assist the Government to provide affordable housing for the Bottom-40 (B40) and Middle-40 (M40) income groups especially during this difficult economic period for many,” commented SCIB’s managing director and CEO Rosland Othman.
He added: “Our industrialised building system (IBS) capability and 3D printing technology also gives us an edge in the construction of affordable housing due to cost savings. The IBS leverages on our building materials manufacturing arm that is tried and tested”.
At the close of the morning trading session, SCIB was down 5 sen or 2.56% to RM1.90 with 3.74 million shares traded, thus valuing the company at RM932 mil. – March 15, 2021
