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Tuesday, July 16, 2024

Holcim, S. Korean firm partner for infra projects

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Leading building solutions provider Holcim Philippines, Inc. and top South Korean cement and concrete producer Sungshin Cement Co. Ltd are partnering to support infrastructure projects in the country.

The two companies signed a memorandum of understanding on March 28 to work together on infrastructure projects where Sungshin is bidding to participate as a concrete supplier.

“This strategic partnership is aligned with our goal to increase our participation in important infrastructure projects that advance the country’s development. With our combined expertise in innovative and sustainable building materials, we are confident in helping clients build lasting structures that uplift lives in the Philippines,” said Holcim Philippines senior vice president and head of infrastructure and industrial sales Ram Maganti.

Holcim Philippines will serve as the priority supplier of cement and aggregates for Sungshin’s ready-mix concrete batching plants.

The agreement comes as the Philippines and South Korea signed an agreement in December 2022 that allows Manila to access up to $3 billion in official development assistance loans from Seoul for infrastructure and green projects. Othel V. Campos

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