UBlok Enters Partnership with Malaysia’s Kim Hoe Thye

  Mr. John Zhao, Chairman of UBlok, and Mr. Tan Kim San, Chairman of Malaysia’s Kim Hoe Thye Industries Sdn Bhd, formally inked the cooperation agreement. The signing signals the official partnership between the two AAC enterprises focusing on Singaporean, Malaysian and broader Southeast Asian markets. Having admired each other for years and conducted intensive negotiations over recent months, the two firms have now forged a strategic alliance.   According to the cooperation agreement, the two parties will set up a joint venture company. Assets of two existing AAC plants owned by Kim Hoe Thye in Muar and Seremban, together with assets of UBlok’s under-construction 1 million m³ annual capacity AAC plant in Ipoh, will be injected into the JV. The two existing plants in Muar and Seremban will undergo renovation and upgrading. In due course, a new AAC plant with an annual output of 1 million cubic metres will be built in Muar. This will create a total production capacity of 3 million cubic metres along the Golden Economic Corridor on the East Coast of Peninsular Malaysia, forming an industrial layout of “Three Locations, Three Brands, Four Production Lines”. The initiative aims to cater to market demand across Malaysia, Singapore and other export destinations. The cooperation with Kim Hoe Thye represents an alliance of two industry leaders. Kim Hoe Thye will contribute its established brand and sales channels, while UBlok brings cutting-edge technology and professional management capabilities. “We turn competitors into partners to jointly expand and grow the market.” The repeated emphasis on “strength” in John Zhao’s remarks reflects his robust confidence in future development. “We will assemble the strongest team and, hand in hand with the team from Kim Hoe Thye, realise the strategic vision of both sides.”   Kim Hoe Thye Industries Sdn Bhd entered Malaysia’s AAC market in 2009. With a 17-year track record to date, it ranks among Malaysia’s earliest enterprises engaged in the AAC industry. Its “Greencon” brand enjoys high recognition and an excellent reputation across Malaysia and Singapore. In 2017, Kim Hoe Thye acquired Saint-Gobain’s AAC production base in Malaysia along with the “HENNER” brand. This move made it one of Malaysia’s largest AAC operators at that time with two production bases and two brands.   “UBlok delivers impeccable technology, management and products. This is the finest AAC factory I have seen across the globe,” said 77-year-old Mr. Tan Kim San, Chairman of Kim Hoe Thye, following his tour of UBlok’s Changxing facility. His confidence in the cooperation was palpable.“I trust the teams of Kim Hoe Thye and UBlok. I trust the Malaysian market. I trust our partnership.” Using three “confidence” statements, Mr. Tan shared his high hopes for the collaboration.   According to publicly available data, Malaysia’s GDP growth rates over the past three years stood at 3.6%, 5.2% and 5.2% respectively. Meanwhile, the construction sector registered growth rates of 6.1%, 17.5% and 12.2%. The construction industry accounts for approximately 4% to 5.8% of national GDP, outpacing overall GDP growth. Growth in the construction market is mainly driven by public and private infrastructure projects, data centres and affordable housing schemes. Note: The “Three Locations, Three Brands, Four Production Lines” framework is defined as follows:“Three Locations” refers to the three production bases in Muar, Seremban and Ipoh;“Three Brands” stands for the three brands, namely Greencon, HENNER and UBlok;“Four Production Lines” covers one existing AAC production line each in Muar and Seremban, the AAC production line under construction in Ipoh, and the upcoming new production line to be built in Muar.

07-22-2026

UBlok Releases Its Semi-Annual Report

  According to UBlok's ERP system, cumulative sales from January to June this year reached 2.5624 million cubic meters, a yearonyear increase of 4.88%. Despite the overall pressure on the industry, the company's production and sales maintained positive growth, demonstrating operational "resilience" in putting its annual "Breakthrough" development theme into practice.   "If we apply the concept of “relative velocity'” from physics to sales data, then UBlok's sales growth in the first half of the year exceeds 20%, given that the total national real estate investment from January to May this year, as published by the National Bureau of Statistics, fell by 16.2%," said the Chairman Mr John Zhao during the company's midyear operational review. He emphasized that "against the backdrop of a downturn in the domestic real estate market, UBlok places greater emphasis on the quality and efficiency of growth. Without quality and efficiency, a cutthroat, involutionstyle growth that “kills a thousand enemies at the cost of eight hundred of our own” isn’t good to the enterprise, let alone to the longterm development of the industry."   UBlok is striving to shape two major growth trajectories. The first is driving growth through technology, with a focus on "better aerated concrete for better houses." Following the launch of the USI underfloor soundinsulation and thermalinsulation system and the composite exterior wall insulation system over the past two years, the company will continue to roll out "trumpcard" products essential for building "better houses" in the future. The second is seeking growth from overseas markets. With projects in Malaysia, Serbia, and Georgia now taking shape, overseas markets are set to become a new growth engine for UBlok. Every struggle to break out of the cocoon is a store of strength for a future leap. The positive growth recorded in the first half of the year marks a milestone on the company's journey of transformation. Going forward, UBlok will stay focused on the overarching theme of "breakthrough," making concerted efforts both at home and abroad, and through longterm, dedicated cultivation, will chart a new course of upward metamorphosis.  

07-03-2026

UBlok and Gold Stone Partner — Strategic Market Entry into Georgia

Strategic Market Entry into Georgia   On March 5, UBlok signed an agreement with Gold Stone, a well-known local building materials company in Georgia, and a third-party team to jointly invest in and construct an aerated concrete (AAC) plant in Georgia with an annual production capacity of 500,000 cubic meters. Under the agreement, the three parties will leverage their respective core strengths and work closely together to drive the project to fruition. Upon completion, the plant is expected not only to meet local market demand but also to capitalize on Georgia's strategic advantages as a trade transit hub, reaching neighboring countries such as Armenia and Azerbaijan, and further extending to European markets via shipments across the Black Sea. "This is an important initiative in UBlok's implementation of its internationalization strategy, expanding overseas markets through a combination of “investment, technology, management, and brand,'" said President Stephen Shen at the signing ceremony. "The cooperation among the three parties will unleash a synergistic advantage where 1+1+1>3, accelerating the project from launch to establishment, growth, and eventual fruition." As a company that has been deeply rooted in the local building materials industry for nearly 20 years, we are very optimistic about the development prospects of AAC products in the local and surrounding markets," said Gao Jinlong, Secretary-General of the Chinese Enterprise Chamber of Commerce in Georgia and Chairman of GoldStone. "This cooperation, by leveraging UBlok's advanced technology and proven operational expertise, will drive the transformation of Georgia's building materials industry toward greener, smarter, and more large-scale development, while boosting local employment and economic growth, and deepening the friendship between the peoples of our two countries." According to data, Georgia is located in the South Caucasus region at the crossroads of Europe and Asia, with a population of 3.7 million and an urbanization rate of 60%. In 2025, the country's GDP grew by 7.5%, driven by manufacturing, telecommunications, and tourism. With its open business environment and trade facilitation, Georgia serves as a regional logistics and commercial hub. The construction sector is buoyed by infrastructure and real estate development, with residential investment reaching approximately US$730 million in 2024. Some 80% of building materials are imported, and projects such as the E60 expressway are advancing. Chinese building materials account for about 45% of the import share.  

03-05-2026