Wednesday, December 20, 2017

Aboitiz eyes construction partnerships in China



Published December 18, 2017, 10:00 PM By James A. Loyola

Aboitiz Construction, Inc. (ACI), the construction arm of the Aboitiz Group, is exploring possible partnerships in in China as part of its efforts to looking for business opportunities overseas.
In a statement, the firm said it recently visited two large companies in China: Shandong Electric Power Construction Corporation III (SEPCO3) and Dongfang Electric Company (DEC).
The visit aimed to strengthen the firms’ interest to partner with ACI, specifically for power projects, as well as other infrastructure projects in the Philippines under the Build, Build, Build Program of the government.
SEPCO3 is a Chinese construction and engineering company that designs, builds, operates and owns power plants.  The company offers the construction of power plants through the EPC (Engineering, Procurement, Construction) method on a turnkey lump sum basis.
Moreover, SEPCO3 also develops power plant projects through the BOT (Build-Operate-Transfer) and BOO(T) Build-Operate-Own(-Transfer) methods.
DEC is one of the most influential enterprise groups under the direct administration of the Chinese Central Government.
For over half a century, DEC has become a comprehensive group specialized in the manufacturing industry, research and development of cutting-edge technology, contracting international engineering projects, exporting complete plants and equipment, and conducting international economic and technical cooperation.
The visit has resulted in offers for partnership from both companies.
“At home or abroad, ACI will continue to pursue opportunities that will allow us to advance business and communities through our various projects, as well as put us on track to being the contractor of choice by completing projects on time, on budget, safely, and within specifications,” ACI Chairman Jaime Jose Aboitiz said.

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