DMCI sets P40-B capex
CONSUNJI-LED engineering conglomerate DMCI Holdings is in talks with Japanese conglomerate Marubeni to explore potential ventures across the region, particularly in Vietnam, Indonesia and Myanmar.
Regional expansion is among the options being considered by DMCI, which for this year has set aside P40 billion for capital spending in the Philippines.
DMCI believes that the Philippines still offers a lot of opportunities, especially in infrastructure- building.
As the conglomerate now maps out the next stage of its evolution through the year 2020, expanding its radar screen to regional markets is now part of the equation.
Isidro Consunji, chair and president of DMCI Holdings, said Marubeni—with which the group had existing partnerships in the water and power businesses—would be a good partner to explore overseas opportunities with.
At present, DMCI is mapping out plans for the medium-term and evaluating fresh opportunities through year 2020.
Article continues after this advertisement“All companies evolve. We have been evolving in the last five years as well. We were previously not in the power, water or nickel mining businesses. Then our housing business has grown bigger. In the next five years, we will also change gears,” Consunji said.
DMCI’s capital outlay of P40 billion this year is much larger than the capital commitment of P19.3 billion in 2015.
