The partnership will focus on building greener homes in line with the need for immediate climate action. JV companies will be formed in Canada and India and the initial order book from Canada and India is anticipated to exceed £3m by mid 2022. As part of the partnership, the JV companies intend to create production facilities in key overseas markets.
Chris Williams, CEO of GLB, comments: “Our JV with DTM provides us with the ideal opportunity to offer our greener building system to new markets, enabling them to benefit from the carbon savings of the system.”
Sanjeev Kumar, director and CEO of DTM, adds: “We are intimately familiar with the markets of Canada, India and South East Asia. We are convinced that there is huge untapped demand for new construction methods that are both cost effective and environmentally friendly.”
GLB’s Advanced Building System, is recognised by the UK government as a Modern Method of Construction, and utilises low carbon materials to provide benefits at every stage of manufacture and installation.
The system provides structural, acoustic, thermal and carbon benefits compared to traditional techniques. The M2 technology behind the advanced building system is proven as are the products that provide innovative, sustainable and cost effective building solutions to developers, housing associations and public authorities.
The advanced building system can reduce costs by up to 40% compared to traditional methods, and construction times by up to 50%. The processes used minimise waste and all elements of the products are recyclable. When completed the system offers fire resistance (REI120), has high structural strength and can be made into any shape whilst reducing CO2e emissions compared to current practices by over 45% in construction (more than 22 tonnes per home) and 65% in operation.
The Delamore & Owl Group of Companies is a privately owned group and parent of 48 subsidiaries, with an ever increasing global reach and client base. Among its portfolio of clients are governments, non-government, and privately owned entities based in more than 30 countries in the Americas, the Middle East, Africa, Europe and Asia Pacific.
As a conglomerate, the group’s complete library of businesses spreads across various sectors of the economy including aviation, agriculture and agri-commodities, commodity trading, consultancy, construction, ICT, infrastructure, environment & energy, healthcare, financial services, mining, among others. DTM Global Holdings is an environmental, tech and media focused entity within the Delamore & Owl Group.
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