KUCHING: Property developer Ibraco Bhd is set to diversify into the steel-related business via its latest investment to set up a steel manufacturing plant here. The group’s wholly-owned subsidiary Ibraco Ascent Sdn Bhd will undertake the operation of the plant, which is expected to commence by 2023. The steel plant is pegged to have an annual production capacity of 30, 000 tonnes.To facilitate the setting up of the steel plant, Ibraco Ascent has entered into a sale and purchase agreement with He