MEGAWIDE Construction Corp. is expanding its precast portfolio and its presence in horizontal housing through PHirst Park Homes, Inc. (PPHI).
“The growing number of housing projects we undertake is also in line with our thrust to expand our business operations into emerging growth segments, with sizeable end-user demand,” Megawide Executive Vice-President Markus Hennig said in a statement on Tuesday.
The company will be supplying precast materials for 1,974 housing units in PHirst Park’s project in Batulao, Nasugbu in Batangas province.
Megawide said it plans to build an onsite facility and batching plant for the manufacturing and supply of precast housing units for efficiency. The company added that more developers are realizing the benefits of using precast materials.
“With a more efficient process, less manpower needs, and more cost-efficient structure in the long-run, our clients can turn over more units and realize higher revenues in a shorter period of time compared with conventional methods,” Mr. Hennig said.
The Batulao project is the company’s sixth with PHirst Park. It has built nearly 9,400 units with the developer in its projects at Laguna’s San Pablo and Calamba, Tanza in Cavite, and Lipa in Batangas.
“We are grateful for the continued trust that PPHI has placed in us, and we are committed to ensuring the high level of quality that they have been accustomed to receiving with our service through the years,” Mr. Hennig said.
Shares of Megawide at the stock exchange were up by 0.75% or five centavos on Tuesday to close at P6.75 each. — Keren Concepcion G. Valmonte
