SARAWAK Consolidated Industries Bhd (SCIB) which is Sarawak’s largest maker of precast concrete products is putting up a brave front amid its looming stock trading suspension; the company is simply putting such concern in the backburner!
Instead of lamenting its fate, the company prefers to pursue a business as usual (BAU) path by unveiling what it deemed as a pioneering 3D printing technology in Malaysia’s construction industry.
Recall that Bursa Malaysia Securities Bhd has rejected SCIB’s application for an extension of time until Dec 31 to issue its annual report for the year ended June 30, 2021 (FY6/2021). Should the market regulator’s rejection of the extension of time request is maintained, trading in the shares of SCIB will be suspended effective Nov 9.
This is despite SCIB having rationalised in its request dated Oct 8 to the market regulator that its request is due to a change of external auditor and the impact of movement restrictions in Malaysia and overseas due to COVID-19.
Yesterday (Oct 30), the company unveiled its 3D constructions printer which arrived in Malaysia in September. SCIB is working alongside the Construction Industry Development Board (CIDB) to carry out research and development (R&D) in the area of establishing standards and regulations for 3D printing buildings or structures in the country.
“SCIB’s plan is basically to utilise the 3D constructions printer as part of our expansion plan,” commented its group managing director/CEO Rosland Othman.
“We believe that having the 3D constructions printer at our disposal will allow us to reduce the construction period for our projects, therefore allowing us to complete the projects in a shorter period.”
SCIB had purchased the 3D constructions printer together with its design software from Denmark-based COBOD International which was responsible for constructing one of the first 3D printed buildings in Europe.
“Currently, our engineering team is carrying out the installation and commissioning of the 3D constructions printer with assistance through visual communication with the COBOD side,” Rosland pointed out.
“After successfully commissioning the 3D constructions printer, we will be able to demonstrate this latest technology by building a mock-up 3D printed house at CIDB Sarawak’s headquarters site with the demonstration to take place sometime in November 2021.”
Currently, SCIB is actively collaborating with CIDB Malaysia to promote this technology to the Malaysian Public Works Department (JKR) to improve the efficiency and productivity of Malaysia’s construction industry..
At the close of last Friday’s trading (Oct 29), SCIB was unchanged at 23 sen with 68.3 million shares traded, thus valuing the company at RM134 mil. The company’s share price has taken a substantial beating ever since the company’s potential suspension cropped up. – Oct 31, 2021
