In line with its plan to export pre-cast materials in Singapore, Megawide Construction Corp. is mulling over
the plan to also expand its construction business in one of the most progressive countries in Southeast Asia.
Louie Ferrer, Megawide corporate information officer, told reporters on the sidelines of the Top Leaders Forum organized by SM Prime Holdings Inc. on Friday, that as soon as the company wins a particular bidding in Singapore, the company will start firming up presence in the construction industry there.
“Kapag nanalo kami sa bid, then tuloy na sa construction [if we win in a bid, then we will definitely start construction business there],” Ferrer said, adding that the company is now in talks with some local firms in Singapore for potential partnerships.
He noted, however, that Megawide has only set its eyes at Singapore for now and not on other countries.
Meanwhile, Ferrer said that the company’s plan to export prefabricated construction materials to Singapore may happen as early as the second quarter of 2014.
“Mag-start pa lang siguro second quarter next year [we are just about to start with our maiden export of prefab materials in Singapore maybe second quarter of next year],” he said.
According to Ferrer, Megawide has tried shipping materials from Philippines to Singapore, and found out the overall cost of Megawide’s products are even cheaper than what are offered in that country.
He even said that the products that are going to be exported to Singapore have much better quality that what is available there.
Megawide has a precast production plant in Taytay, Rizal. Constructed with about P1-billion worth of investment, the facility is the biggest one-stop plant for pre-fabricated materials in the country.
Megawide is one of the participants in the upcoming bidding for the P17.5-billion Mactan Cebu International Airport rehabilitation and expansion. The Mactan-Cebu bidding is scheduled for this month.