Genbina-Icop to be Malaysia's largest microtunnelling firm
21 May 2014Genbina Sdn Bhd and ICOP SpA, a civil contracting company from Italy, on 14 May signed a joint-venture (JV) agreement to form a company, the National News Agency of Malaysia reported.
Genbina said with the JV, it is now set to become the largest micro tunnelling company in Malaysia with the capability of undertaking sizes from 225 to 3,000mm in diameter.
Genbina is a pioneer and leading company in under pressure technology for for major construction in the water and waste water industry in Malaysia, while ICOP is a civil contracting firm involved in the design and construction of tunnelling, deep foundation and soil consolidation, and railway civil engineering work.
In a statement, Genbina said the JV company is now able to undertake all major special infrastructure work under the Greater Kuala Lumpur Sewage Plan, Klang Valley Mass Rapid Transit 2, Light Rail Transit 2 and all other civil infrastructure works in Malaysia.
"With this strategic partnership, we are confident of securing an orderbook of a minimum of MYR 500M (USD 155M) in the next six months for the year 2014/2015 from the infrastructure sector," said Genbina Chief Executive Officer Aldric Loong Kim Yew.
