EEI inks supply deal with Chua Group

MANILA, Philippines — The manufacturing arm of the Chua Group’s Industry Holdings and Development Corp. (IHDC) has agreed to provide construction materials for Yuchengco-led EEI Corp.’s mega infrastructure projects in the country.

In a stock exchange filing on Thursday, EEI said it had signed a memorandum of understanding with Concrete Stone Corp. (CSC) for the latter to supply precast concrete.

Precast concrete is used in building low- and mid-rise buildings and hotels. It is also known to provide strong fire resistance.

“We look forward to a strong collaboration that bolsters our commitment to deliver quality and remarkable infrastructure projects that shape the Philippine landscape and contribute to the country’s connectivity, economic growth, and nation-building,” EEI president and CEO Henry Antonio said in a statement.

READ: EEI looks to bag P50B in new projects, infra deals

EEI has been tapped for several big-ticket infrastructure projects in the country, including the MRT-7 railway project that will connect Quezon City and Bulacan province, Metro Manila Skyway Stage 3, and Panglao and Caticlan airports.

CSC manufactures and supplies construction solution materials, including precast, cement, and asphalt.

“Thanks to the size of our precast facilities nationwide, we can support EEI’s extensive precast requirements for vital infrastructure projects across the Philippines,” CSC president Alfredo Comendador Jr. said.

Among the major projects that CSC previously worked on was the 8.9-kilometer Cebu-Cordova Link Expressway in the Visayas.