Aboitiz Equity Ventures : Construction to do site development and foundation works for Monde Nissin’s plant in Davao City
June 29, 2023 at 01:11 am EDT
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Aboitiz Construction to do site development and foundation works for Monde Nissin's plant in Davao City
29 Jun 2023
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THRIVING IN PARTNERSHIPS.Aboitiz Construction took part in the groundbreaking ceremony for Monde Nissin Corporation's facility in Davao City.
Aboitiz Construction recently sealed a deal with Monde Nissin Corporation (MNC), a leading food and beverage company in the Philippines, to do basic site development and foundation works for their expanded bakery plant in Brgy. Ilang, Davao City. The project aims to expand MNC's facilities, contribute to food security, provide job opportunities to the Davao Region, and support economic development. Set to be completed this year,Aboitiz Construction will do land development works that include site grading of more than 18,000 sq. meter land, excavation, backfilling, hauling, and disposal. For the foundation works, the firm will do earthworks for the construction of an office building.
Construction activities are in coordination with Meinhardt Philippines, Inc., an engineering consulting firm and the official designer of the said project. In addition, close to 60 local skilled workers will be hired by Aboitiz Construction for the project.
"We are very excited to undertake this project as we are strengthening our capabilities on land development-related projects. This partnership is fully aligned with our commitment to contribute towards economic growth and help other businesses succeed," said Aboitiz Construction Chief Operating Officer Ramez Sidhom. "We trust Aboitiz Construction's technical and professional capabilities to help us finish one of our biggest facilities in the country," said MNC Corporate Project Head Welly Toha.
Aboitiz Construction has been bolstering its track record in light industries. Currently, the firm has ongoing land expansion works for the second phase of LIMA Estate's industrial land in Lipa-Malvar, Batangas, and site development with warehouse construction works for El Colono del Oeste, Inc.'s 18,337 sq. meter land inside LIMA Technology Center in Batangas.
Aboitiz Equity Ventures Inc. published this content on 29 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2023 05:10:05 UTC.
Aboitiz Equity Ventures, Inc. is a holding and management company. The Company and its subsidiaries are engaged in various business activities mainly in the Philippines, including power generation, retail electricity supply and power distribution, food manufacturing, banking and financial services, real estate development, and infrastructure. Its segments include power segment, which is engaged in power generation and sale of electricity; financial services segment, which is engaged in banking and money remittance operations; food manufacturing segment, which is engaged in the production of flour and feeds and swine breeding; real estate segment, which is engaged in real property development for sale and lease; infrastructure segment, which is engaged in the production of cement and other building materials and in the supply of treated bulk water; and the parent company and others include the operations of the Company and the service provider subsidiaries that cater to the Group.
ABOITIZ EQUITY VENTURES, INC. 
