RIB Software AG (RSTA) has signed a Phase II iTWO 5D Deal in China with the leading prefabrication company CMZY


RIB Software AG / Key word(s): Contract

2015-05-20 / 12:09


RIB Software AG (RSTA) has signed a Phase II iTWO 5D Deal in China with the leading prefabrication company CMZY

Changsha, China, 20 May 2015. RIB Group, the leading 5D BIM Big Data technology provider in the world, today announced the signing of the largest iTWO 5D deal in China with CMZY (China Minsheng Zhuyou CO., LTD,) the pioneer of construction industrialization in China, to implement iTWO 5D BIM technology in the production of the largest Prefabrication Construction Plant in China - Minsheng Zhuyou Changsha Industrial Park. The agreement will be a key milestone for the revolution of China's construction industry and accelerate its construction industrialization and modernization.

CMZY is the first wholly owned industrial company founded by China Minsheng Jiaye Investment with a registered capital of 1 billion yuan. CMZY's goal is to accelerate the reformation of construction industry and to promote the modernization of construction industry. They are devoted to becoming a new type manufacturer of construction projects and a key provider of advanced technology.

China Minsheng Zhuyou Changsha Industrial Park has at first and second stages a land coverage of 650 mu (about 433,333 m²). The annual production capacity of the first stage is expected to reach 6 billion RMB. It will become a concentrated production centre for prefabricated construction products and provide integrated solutions for various types of architecture by applying EPC model and advanced industrialized methodologies. The industry park has a construction industrialization manufacturing unit, construction industrialization technology research & development unit, training unit, and construction industrialization products demonstration centre. They will apply the cloud based iTWO Big Data 5D BIM solution combined with iTWO IoT technology in the manufacturing of the industrialized construction products. iTWO will build up a 5D end to end management platform for the whole production chain of the industrial park, realizing informatization through design, production to construction, which will create the maximum profitability for the construction project.

"We are very excited about the cooperation with CMZY to work together on construction industrialization", commented, Thomas Wolf, CEO of RIB Group. "Construction has been a traditional industry for a very long time, and now with all the new technologies emerging, we are now able to transform construction into a modern and industrialized industry like manufacturing industry. By adopting new technologies in the area of big data, cloud, internet of things, etc., RIB will support CMZY to become leader in construction industrialization. iTWO 5D technology will empower the revolution in construction Industrialization for higher profitability and build up an interconnected ecosystems integrating living, learning and working in one intelligent building."

About RIB Group
RIB Software AG is an innovator in construction business. The company creates, develops, and offers iTWO³ - new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 700 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.

2015-05-20 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at and

359779  2015-05-20 
Contact & Hotline