Fastbrick to tap into underserved Mexican market with construction giant partnership
26 September 2019, Written by Business News Australia
Robotic construction company Fastbrick (ASX: FBR) has announced a new partnership with Mexican construction giant Grupo GP.
The company is tapping into the Mexican market with a serious deficit of well-made, affordable homes.
Fastbrick managing director and CEO Mike Pivac says his WaaS technology can be utilized well in Mexico.
"FBR sees the Hadrian X as part of the solution to Mexico's acute shortage of well-constructed affordable homes, with a deficit of approximately 8.3 million affordable homes in the country," says Pivac.
"Our market analysis has indicated a theoretical need for approximately 700-750 Hadrian X robots to replace all bricklaying labour in Mexico, so the commercial opportunity is significant for the company."
It follows a similar deal with Perth-based construction group Archistruct Builders & Designers signed last week and will see Fastbrick prove its Wall as a Service (WaaS) product to an international market.
The pilot program with Grupo GP consists of three stages of testing, at the end of which a collaboration agreement may be signed.
GP Vivienda (the housing division of Grupo GP) strategic manager Andres Garza says he is excited to introduce Fastbrick's robotic construction technology to the Mexican market.
"We are very pleased to be advancing our Strategic Collaboration Agreement with FBR through this Building Pilot Program," says Garza.
"GP Vivienda and the broader Grupo GP continue to drive innovation in the Mexican construction industry, and we look forward to introducing FBR's disruptive technologies to the Mexican affordable housing sector."
Fastbrick has also announced today that its second Hadrian X prototype is now building house structures, which Pivac says is a major milestone for the listed group.
"I am also pleased to say that our second Hadrian X prototype is now building house structures, giving us the opportunity to work with different design styles and materials by operating two Hadrian X robots at the same time," says Pivac.
"This will accelerate our testing program and allow us to work with a broader range of builders right now as we introduce the Hadrian X to the world."
Business News Australia
Author: Business News Australia