Eagle Cement, EEI ink strategic alliance
Newly-listed cement-maker Eagle Cement Corp. has entered into a strategic alliance with Yuchengco family-led construction firm EEI Corp. on cement supply in anticipation of massive infrastructure-building in the country.
The new deal is set to strengthen the existing partnership between the two companies by expanding the list of EEI projects that Eagle will supply cement to as the country enters what economic managers envision to be a “golden age of infrastructure.”
“This contract is another feather on our cap,” Eagle chief operating officer and general manager Manny Teng said in a press statement on Monday.
“EEI is among the biggest players in the infrastructure industry and their confidence in Eagle, as exemplified by this partnership, is testament to the quality of our products and service,” he added.
EEI vice president and chief procurement officer Edwin Constantino said EEI would need a supplier like Eagle that could provide cement that meets the construction firm’s standards in terms of quality and quantity.
With EEI’s line-up of projects, the group sees Eagle’s forthcoming capacity expansion as a big boost to this partnership.
“With the excellent experience we’ve had with Eagle Cement, along with the expansion of their capacity, they will be able to provide companies like us with cement that matches the scale and requirements of our projects. Eagle’s cement meets the required strength that we need to be able to build our projects successfully,” Constantino said.
Currently, Eagle is already exclusively supplying cement to two landmark EEI projects: the P37.4-billion Metro Manila Skyway Stage 3 project and the P62.7-billion MRT-7 project, both of which are undertaken by conglomerate San Miguel Corp.
Eagle’s capacity is set to expand with the completion of its third production line in Bulacan by early 2018. The new line will bring Eagle’s capacity up to 7.1 million metric tons per year.
The additional capacity is seen to address greater demand for cement coming from the government’s infrastructure initiatives alongside private sector projects.
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