In anticipation of a massive rise in domestic infrastructure-building, Philippines-based Eagle Cement Corp has entered into a strategic alliance of cement supply with Yuchengco family-led construction firm EEI Corp.
The new deal is set to strengthen the existing partnership between the two companies by expanding the list of EEI projects that Eagle will supply cement to, as the Philippines enters what economic managers envision to be a "golden age of infrastructure."
"This contract is another feather on our cap," Eagle COO and General Manager, Manny Teng, said in a press statement on Monday.
"EEI is among the biggest players in the infrastructure industry and their confidence in Eagle, as exemplified by this partnership, is testament to the quality of our products and service," he added.
With EEI’s line-up of projects, the group sees Eagle’s forthcoming capacity expansion as a big boost to this partnership. Eagle’s capacity is set to expand with the completion of its third production line in Bulacan by early 2018. The new line will bring Eagle’s capacity up to 7.1Mta. The additional capacity is seen to address greater demand for cement coming from the government’s infrastructure initiatives alongside private sector projects.
"With the excellent experience we've had with Eagle Cement, along with the expansion of their capacity, they will be able to provide companies like us with cement that matches the scale and requirements of our projects. Eagle's cement meets the required strength that we need to be able to build our projects successfully," Constantino said.
Currently, Eagle is already exclusively supplying cement to two landmark EEI projects: the PHP37.4bn (US$734.9m) Metro Manila Skyway Stage 3 project and the PHP62.7bn MRT-7 project, both of which are undertaken by conglomerate San Miguel Corp.
