Logistics Holdings invests $5 million in precast plant in Iskandar
Singapore-listed Logistics Holdings, a construction firm which builds HDB flats, is venturing into the precast business, it said on Monday.
It has formed a joint venture with Concrete Innovators to invest $5 million in a precast products manufacturing plant in Iskandar Malaysia.
Logistics Holdings has an 80 per cent stake in the joint venture.
The plant, which sits on a land area of 2.83 hectares, will have an annual capacity of 21,000 cubic metres, equivalent to 450 four-room HDB units.