“There will also be opportunities for growth overseas as China and other Southeast Asian countries work towards improved productivity in the building and construction sector,” notes HLA.
Hong Leong Asia, which has interests in building materials, plans to invest $68.1 million to bring its total interest in BRC Asia to 20%.
HLA’s concrete and BRC’s steel will have synergy in so-called Prefabricated Prefinished Volumetric Construction (PPVC) building technology.
