Iris, Koto, Ambitech in Ibs Venture

SUMMARY

IRIS Corp Bhd has entered into a 60:30:10 joint venture (JV) with Koto Malaysia Sdn Bhd and Ambitech Sdn Bhd to develop, manufacture, construct and operate the Koto Industrialised Building System (IBS) owned by Koto for mass building projects in Sabah and Sarawak. Iris will invest US$1 million (RM3.05 million) in the JV while Ambitech will provide consultancy and marketing services, and Koto the... (see full summary)

 
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The Koto IBS is an alternative building and construction technology to mass manufacture energy-efficient housing, commercial...

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