Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Megawide secures contract to build 1,664 houses in General Trias

by
July 4, 2022
in Investing News
0
Megawide secures contract to build 1,664 houses in General Trias
0
SHARES
18
VIEWS
Share on FacebookShare on Twitter

LISTED construction company Megawide Construction Corp. announced on Monday that it secured its eighth contract with housing developer PHirst Park Homes, Inc. (PPHI).

Under the contract, Megwide will build 1,664 housing units using precast materials in PPHI General Trias in Cavite, the company said in an e-mailed statement.

Megawide also built housing units for PPHI Tanza in the same province in 2018.

“The contract will further expand Megawide’s precast order book and strengthen its presence in the horizontal housing segment,” the company said.

“For more efficiency and faster turnover, the company is also set to build an onsite precast molding and concrete batching plant to manufacture precast housing components for the project,” it added.

The company hopes to help address the “perennial housing problem” in the Philippines, Megawide Chairman and Chief Executive Officer Edgar B. Saavedra said.

“Apart from seeing strong long-term prospects in this segment, it also gives us an opportunity to improve the quality of affordable horizontal housing through our value-engineering capabilities and innovative techniques,” he added.

The Philippines’ estimated total housing backlog is 5.7 million for 2011-2016, the company said, citing data from the Housing and Urban Development Coordinating Council.

The country needs to construct 2,600 homes per day in the next six years, it noted.

“With our precast technology, backed by a fully-integrated logistics system, we can turn over more units and help clients realize higher revenue in a shorter time compared with conventional methods,” said Markus Hennig, Megawide executive vice-president for business units.

“We are also encouraging more developers, whether on the affordable or upscale side, to adopt this technology as the standard.” — Arjay L. Balinbin

ShareTweetPin

Related Posts

Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Supreme Court rules petitioners have no standing in PDS ‘monopoly’ case
Investing News

Supreme Court rules petitioners have no standing in PDS ‘monopoly’ case

August 23, 2022
ERC signals planned overhaul of regulatory practices via benchmarking exercise with regional counterparts
Investing News

ERC signals planned overhaul of regulatory practices via benchmarking exercise with regional counterparts

August 23, 2022
Malaysian trade official urges PHL to sign up for RCEP  
Investing News

Malaysian trade official urges PHL to sign up for RCEP  

August 23, 2022
Next Post
Fruitas to use part of one-off Balai gain for Ling Nam deal

Fruitas to use part of one-off Balai gain for Ling Nam deal

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Marcos agrarian reform plan expected to unlock farm productivity

Marcos agrarian reform plan expected to unlock farm productivity

July 26, 2022
Wage hikes, fare increases likely to push inflation beyond target

Wage hikes, fare increases likely to push inflation beyond target

June 9, 2022
PLDT receives P13.2B on sale of 1,013 telecom towers

PLDT receives P13.2B on sale of 1,013 telecom towers

August 1, 2022
‘Nowhere to hide’ if war comes to Taiwan’s front-line islands

‘Nowhere to hide’ if war comes to Taiwan’s front-line islands

August 18, 2022
Trump wanted to join Capitol riot, tried to grab limo steering wheel -aide

Trump wanted to join Capitol riot, tried to grab limo steering wheel -aide

June 29, 2022
Adoro launches Eraserheads-inspired NFT Collection

Adoro launches Eraserheads-inspired NFT Collection

June 28, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.