Listed Megawide Construction Corp. has secured three new supply-and-build contracts from affordable residential developer Phirst Park Homes Inc., a unit of Century Properties Group Inc.
Megawide’s precast and construction solutions will supply precast materials for housing units in three new sites of Phirst Park subdivisions in Naic, Cavite; Baliuag, Bulacan; and Tayabas, Quezon.
Through its unit, Megawide said it continues to expand its precast order book by securing more projects in the horizontal housing segment. The company now has 11 projects with Phirst Park and is building a total of about 19,000 units for these sites across Luzon.
As of end-December, the total number of houses turned over by the company has reached more than 9,000 since it started its partnership with Phirst Park in 2018.
“The challenge in addressing the country’s housing backlog is not in the supply but the speed in which we can build. Our proprietary precast technology allows us to deliver cost-effective units with greater speed and efficiency than conventional methods,” Markus Hennig, Megawide executive vice president for pre-cast, said.
For greater efficiency and faster turnover, Megawide said it will build an onsite plant for precast molding and concrete batching.
Megawide said it innovates through proprietary engineering technologies like precast which enables quicker turnaround times, requires less manual labor during construction and lowers long-term project costs. Production through a controlled manufacturing environment also helps reduce noise and dust pollution in construction sites.
“Megawide’s advantage is this innovative precast methodology that we can easily replicate in other locations for other projects,” Hennig said.
The company’s main precast plant in Taytay, Rizal is known to be the largest and most advanced precast plant in the Philippines and one of the largest in Southeast Asia. The plant can produce up to 168,000 cubic meters of precast units per year.