Yuchengco group-led construction firm EEI Corp. has rolled out a new scaffolding and formworks rental business in partnership with two Japanese firms.
The new unit JP System Asia Inc. (JPSAI) is a joint venture among EEI’s subsidiary Equipment Engineers Inc., Japan’s leading scaffolding and allied products rental company Sansin Sangyo Co. Ltd. and KYC Machine Industry Co. Ltd., a Japanese construction machine manufacturer.
In a disclosure to the Philippine Stock Exchange on Friday, EEI said JPSAI had been formally launched in April.
JPSAI was incorporated last December 2016 with a 60-percent stake under EEI, aiming to “bring in the Japanese scaffolding and formworks rental standards and discipline in the Philippine construction industry.”
Founded in 1974, Sansin Sangyo offers numerous types of scaffolding and state-of-the-art solar panel systems.
For its part, KYC Machine manufactures construction machines from the small machineries to large plants. The new venture seeks to bring in its expertise in supplying shoring and scaffolding products.