ABOITIZ Construction, Inc. (ACI) is setting up an international unit as it plans to expand both its geographic reach and the services it offers.
The company said in a statement on Monday that it created Aboitiz Construction International, Inc. (ACII) which will allow it to target projects in new markets.
“With this move, ACI will pursue new markets and revenue sources while strengthening its industry foothold and enhancing its value proposition that provides customers with the company’s signature RISQ approach, which stands for Reliability, Integrity, Safety, and Quality,” the company said.
ACI said it has been receiving more inquiries and requests for quotations from Japanese and Chinese firms, with a quarter of its open orders coming from the former.
The company is also in talks with some Chinese engineering, procurement, and construction companies, where they can be tapped as either joint venture partners or major subcontractors for the projects they will be developing in the Philippines.
The establishment of ACII also forms part of the its rebranding strategy for its 43rd year in business, where it seeks to position itself as a full-service engineering, procurement, and construction company. Even before the set-up of an international arm, ACI has already been servicing clients in 18 countries, where it offers modular fabrication works for heaters, heat exchanges, and other such specialty services.
ACI is currently undertaking several projects, such as the facility expansion of a shipbuilding company in Cebu and modular fabrication work for a plant in Canada. Its pipeline of projects also includes a power plant in Sarangani, a petrochemical plant in Bataan, a shopping mall called The Outlets in Lipa, Batangas, and fabrication works for a Korean and Japanese firm, among others.
In December last year, the company also held talks with Chinese firms Shandong Electric Power Construction Corporation III (SEPCO3) and Dongfang Electric Company (DEC) for potential partnerships in the power sector and other infrastructure projects in the country.
ACI President and Chief Operating Officer Albert A. Ignacio said that being part of the Aboitiz Group has also benefited the company, as it allows them to take advantage of synergies with other Aboitiz units like Pilmico Foods Corp., Aboitiz InfraCapital, Inc., Republic Cement & Building Materials, Inc., and AboitizLand, Inc.
Mr. Ignacio noted that these firms have opened the door for new and recurring projects for ACI. — Arra B. Francia