SIBS was founded in 2016 with the goal of transforming the residential construction industry by harnessing the benefits of digitalization in an industry that was in great need of innovation. Cost estimates were often unpredictable, the process was time-consuming and expenses skyrocketed.
We assembled experts and doctoral candidates in industrial construction, design automation, and architecture, as well as business developers, and mechanical- and software engineers. Together we created an entirely new concept. In 2018, we opened our first factory and produced our first building. It was a major success, leading to an expansion of our operations in 2019.
Taking the lead in industrialized construction
In 2022, we inaugurated our second factory, equipped with four new production lines, increasing our annual capacity to approximately 6,000 homes. Our production process has now been further optimized, with a continued focus on efficiency, quality, and the safety of our employees.
Early on, we had plans for SIBS to become an international player, and this influenced our choices. We opted, among other things, for a steel construction that can withstand demanding transportation and is approved in more countries than wooden structures. We located the factory in Penang, Malaysia, where we already had established relationships and where expertise in mechanical engineering and industrial construction is among the best in the world. The step out onto the global market is also shorter from Malaysia.
Today SIBS is one of the leading global manufacturers of industrial apartment construction, with a level of expertise, capacity, and delivery capability that few in the world can match. Our scalable capacity and efficient production enable us to deliver high-quality homes in a short period. With our drive, knowledge, and experience, we continue to evolve, both as individuals and as a company, to deliver on the goals we set in 2016.