BUKIT JALIL (Sept 25): Technology company Iris Corporation Bhd hopes that the issue of affordable housing will be addressed in the upcoming Budget 2013, as it will serve as a catalyst for its integrated building system (IBS) and agrotech division.
"There's a lot of talk on affordable homes and hopefully this will be announced in the Budget. People often associate IBS to low cost housing but its actually a good material in creating affordable homes," Datuk Tan Say Jim, managing director of Iris, told theedgemalaysia.com after its annual general meeting (AGM) on Tuesday.
Moreover, its agrotech business — which started in 2006 — has started making headways after "not going anywhere in the past three years".
Currently, the company has a number of projects which utilises its Koto IBS pre-fabricated building panels, which are most notably used in its Rimbunan Kasih (RK) projects.
Earlier this year, the company secured a RM22 million contract with the Pahang state government to build an RK in Kuala Lipis, which will be launched next month.
The RK requires Iris to build affordable housing, a high-tech integrated farm and renewable energy solutions for some 100 families. It also features a community and learning centre, modern sanitation facilities, a resource centre and place of worship, effectively making a small township.
"We have just completed price negotiations with the Melaka, Terengganu and Johor states and are now awaiting the letter of award. The RK's in these states will be completed by the year end except for Johor which will be launched early next year," he added.
At 2pm, Iris's share price was at 17 sen.
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