Listed construction firm EEI Corp. is looking for partnership, investment, and technology transfer opportunities in British Columbia, Canada in a bid to improve the company’s technical know-how and capacity to adopt an environmentally friendly approach in the construction sector.
Roberto Jose L. Castillo, EEI President and Chief Executive Officer, told reporters at the sidelines of a joint meeting for the BC delegation to the Philippines last week that they are scouting for business opportunities in British Columbia.
“We’re always looking for opportunities anywhere. And I actually have been to BC for a project several years ago. Unfortunately, the project was cancelled. Hopefully it will revive,” Castillo said.
He said possible opportunities are local fabrication of parts, or foundation of establishments and/or homes and exporting them to BC, or even transfer of BC’s environment-friendly technology and approach in construction to Philippine contractors.
“We deal with a lot of foreign engagements. We’re looking opportunities both ways [Philippines to abroad and vice versa],” Castillo said.
“British Columbia, or Canada in general, is very concerned with the environment. We would like to walk with them so we can learn more about techniques that protect the environment,” he added.
The EEI president hopes that the company can help BC in rebuilding homes since its wildfire season started as early as April.
“If there is a chance, we will help them from the wildfires. Many were displaced, and rebuilding is needed. Their population is only 26 million. Carpenters [for rebuilding]are not enough,” Castillo said, but noted that there may be difficulties due to the strict business environment in the Canadian province.
Asked further about the company’s plans moving forward, Castillo said, “We’re always doing bids — in Kuwait, Qatar, Brunei, and Malaysia. We do not rest.”
Castillo is also positive that the company and the construction industry will benefit from the economic growth boosted by the surge in infrastructure spending.
EEI has been active in participating in infrastructure projects as a contractor, mostly in the public-private partnership (PPP) scheme of the government.
Among its ongoing and completed infrastructure projects are the P7-billion New Bohol (Panglao) Airport with Japanese engineering firms Chiyoda Corp. and Mitsubishi Corp.; the contract of engineering, procurement, and construction of the P69.3-billion Metro Rail Transit (MRT) Line 7; and the P1.2-billion development of Aeropark Campush in Clark Freeport Zone.
A member of the Yuchengco Group of Companies, EEI was established in 1931 mainly engaged in building power plants, food and beverage manufacturing facilities, semiconductor plants, real estate projects, and other infrastructure projects such as roads, bridges, rails, ports, airports and other infrastructures. Aside from its local business, EEI is also working on some construction projects overseas.