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                    [ArticleID] => 2501864
                    [Title] => New precast plants to boost Megawide’s orders to P80 billion
                    [Summary] => 
MANILA, Philippines —  Megawide Construction Corp. is eyeing to raise significantly its precast production capacity to support its expansion, with its construction order book seen soaring to a record high of up to P80 billion this year.

Megawide chairman and CEO Edgar Saavedra said the company plans to build new precast plants to hike its capacity.

“Our strategy is we will build a new precast (facilities) because you need to expand. So, we have to build our own capacity,” Saavedra said.

“Most likely, we will have a big expansion of our capex maybe by the end of the year because we will expand our precast capacity.  We will be putting up new facilities for precast,” he said.

Saavedra said Megawide is looking at around P1.5 billion to P2 billion in investment should the planned expansion push through, with the company likely go to the capital market for funding.

Megawide expanded its precast production capacity with the opening of a second precast plant in Taytay, Rizal in late 2022 which is capable of producing over 35,000 cubic meters of precast annually.

“If we’re going to put up a new one, most likely in the south area, Cavite. Geographically, we’re already in the east. So best if we can have one in the south and one in the north so Metro Manila and the Greater Manila will be covered,” Saavedra said.

Megawide employs one of the most advanced precast construction technologies to attain easy standardization, faster construction time and lower cost, while maintaining enhanced design and high-quality finish.

The plan to expand its precast production capacity comes amid Megawide’s keen interest in joining the government’s Pambansang Pabahay Para sa Pilipino (4PH) program, with the company aiming to launch 100,000 units as part of its long-term roadmap.

Megawide said the first 50,000 units have already been identified and included in its pipeline over the next five years.

These include project launches and groundbreakings in five locations in Cavite – one in Imus and two each in Dasmariñas and Bacoor.

Last month, Megawide entered into an investment and partnership agreement with the Home Development Mutual Fund (HDMF), more popularly known as Pag-IBIG, to accelerate the government’s expanded 4PH program.

The agreement involves HDMF’s participation as an investor in the 4PH housing projects through a subscription to perpetual preferred shares issued by Megawide Dreamrise Residences Inc. amounting to P10 billion, payable in three tranches.

The funds will in turn be used to deliver at least 7,000 housing units, at affordable packages, over the next two to three years.

Saavedra said the P10 billion from Pag-IBIG, will translate to a big order book for the company.

“If this comes in, (Pag-IBIG’s) P10 billion, easily, we’re looking at P70 billion to P80 billion of our order book. So, that’s the all-time highest because P50 billion plus to P60 billion was our highest,” Saavedra said.

                    [DatePublished] => 2026-01-19 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/01/18/152025-10-2018-41-15_2026-01-18_17-44-47153_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2134986
                    [Title] => DOJ names Megawide execs in alleged Anti-Dummy Law violation
                    [Summary] => The market wasn’t so much in the mood for nuance though, and the stock dropped over 8% on the news.
                    [DatePublished] => 2021-10-18 09:19:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Stock Commentary
                    [SectionUrl] => stock-commentary
                    [URL] => https://media.philstar.com/photos/2021/10/18/vestedtwitter_2021-10-18_09-20-06235_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 1931716
                    [Title] => Megawide sees flat growth in earnings
                    [Summary] => Listed engineering and infrastructure developer Megawide is looking at a flat consolidated net income of P1.89 billion this year.
                    [DatePublished] => 2019-07-04 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2019/07/03/bus5-edgar-saavedra_2019-07-03_19-41-25208_thumbnail.jpg
                )

            [3] => Array
                (
                    [ArticleID] => 1889744
                    [Title] => Megaworld taps Megawide for Pasay condo project
                    [Summary] =>  Megaworld has tapped Megawide Construction Corp. as its EPC (engineer, procurement, construction) contractor for The Gentry Manor, located within its  Westside City township in Pasay City.
                    [DatePublished] => 2019-02-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 1838468
                    [Title] => Megawide chair calls for substantial improvement in Metro Manila traffic
                    [Summary] => Metro Manila’s traffic situation continues to worsen and tycoon Edgar Saavedra of listed engineering and construction conglomerate Megawide Construction Corp. has joined millions of Filipinos in calling for substantial improvement in the traffic system.
                    [DatePublished] => 2018-08-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 1817691
                    [Title] => Megawide income up 16% to P635.8 million in Q1
                    [Summary] => Listed engineering and construction conglomerate Megawide grew its net income by 16 percent in the first quarter to P635.8 million, boosting prospects for this year given the growth in the airport business and the improving construction business, its top official said.
                    [DatePublished] => 2018-05-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 1684857
                    [Title] => Megawide earnings rise 30% in 2016
                    [Summary] => Megawide Construction Corp. reported a consolidated net income of P1.92 billion last year, up 30 percent on higher revenues.
                    [DatePublished] => 2017-04-07 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 1346215
                    [Title] => Megawide shelves export plan to focus on PPP
                    [Summary] => 
Megawide Construction Corp., one of the country’s top building contractors, has temporarily shelved its plan to export pre-fabricated construction materials to Southeast Asian neighbors.

                    [DatePublished] => 2014-07-15 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1538806
                    [AuthorName] => Neil Jerome C. Morales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 1340915
                    [Title] => Megawide allots $100M for power generation projects
                    [Summary] => 
Megawide Construction Corp., one of the most active local companies in infrastructure and construction, is venturing into $100 million worth of power generation projects in line with plans to diversify its income source.

                    [DatePublished] => 2014-07-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1538806
                    [AuthorName] => Neil Jerome C. Morales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 753691
                    [Title] => Filinvest partners with Megawide for The Linear
                    [Summary] => 
(From left): Megawide president Engr. Edgar Saavedra, Filinvest Land president and CEO Joseph M. Yap. Filinvest Land Inc. (FLI) announced that it recently awarded the construction of its Linear high-rise project to Megawide Construction Corp. With this award, Tower 1 of The Linear is slated to top-off in 2012 marking the structural completion of the building, while turn-over of the units is scheduled for the first half of 2013.
                    [DatePublished] => 2011-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Real Estate
                    [SectionUrl] => real-estate
                    [URL] => 
                )

        )

)

Edgar Saavedra

Array
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            [0] => Array
                (
                    [ArticleID] => 2501864
                    [Title] => New precast plants to boost Megawide’s orders to P80 billion
                    [Summary] => 
MANILA, Philippines —  Megawide Construction Corp. is eyeing to raise significantly its precast production capacity to support its expansion, with its construction order book seen soaring to a record high of up to P80 billion this year.

Megawide chairman and CEO Edgar Saavedra said the company plans to build new precast plants to hike its capacity.

“Our strategy is we will build a new precast (facilities) because you need to expand. So, we have to build our own capacity,” Saavedra said.

“Most likely, we will have a big expansion of our capex maybe by the end of the year because we will expand our precast capacity.  We will be putting up new facilities for precast,” he said.

Saavedra said Megawide is looking at around P1.5 billion to P2 billion in investment should the planned expansion push through, with the company likely go to the capital market for funding.

Megawide expanded its precast production capacity with the opening of a second precast plant in Taytay, Rizal in late 2022 which is capable of producing over 35,000 cubic meters of precast annually.

“If we’re going to put up a new one, most likely in the south area, Cavite. Geographically, we’re already in the east. So best if we can have one in the south and one in the north so Metro Manila and the Greater Manila will be covered,” Saavedra said.

Megawide employs one of the most advanced precast construction technologies to attain easy standardization, faster construction time and lower cost, while maintaining enhanced design and high-quality finish.

The plan to expand its precast production capacity comes amid Megawide’s keen interest in joining the government’s Pambansang Pabahay Para sa Pilipino (4PH) program, with the company aiming to launch 100,000 units as part of its long-term roadmap.

Megawide said the first 50,000 units have already been identified and included in its pipeline over the next five years.

These include project launches and groundbreakings in five locations in Cavite – one in Imus and two each in Dasmariñas and Bacoor.

Last month, Megawide entered into an investment and partnership agreement with the Home Development Mutual Fund (HDMF), more popularly known as Pag-IBIG, to accelerate the government’s expanded 4PH program.

The agreement involves HDMF’s participation as an investor in the 4PH housing projects through a subscription to perpetual preferred shares issued by Megawide Dreamrise Residences Inc. amounting to P10 billion, payable in three tranches.

The funds will in turn be used to deliver at least 7,000 housing units, at affordable packages, over the next two to three years.

Saavedra said the P10 billion from Pag-IBIG, will translate to a big order book for the company.

“If this comes in, (Pag-IBIG’s) P10 billion, easily, we’re looking at P70 billion to P80 billion of our order book. So, that’s the all-time highest because P50 billion plus to P60 billion was our highest,” Saavedra said.

                    [DatePublished] => 2026-01-19 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/01/18/152025-10-2018-41-15_2026-01-18_17-44-47153_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2134986
                    [Title] => DOJ names Megawide execs in alleged Anti-Dummy Law violation
                    [Summary] => The market wasn’t so much in the mood for nuance though, and the stock dropped over 8% on the news.
                    [DatePublished] => 2021-10-18 09:19:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Stock Commentary
                    [SectionUrl] => stock-commentary
                    [URL] => https://media.philstar.com/photos/2021/10/18/vestedtwitter_2021-10-18_09-20-06235_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 1931716
                    [Title] => Megawide sees flat growth in earnings
                    [Summary] => Listed engineering and infrastructure developer Megawide is looking at a flat consolidated net income of P1.89 billion this year.
                    [DatePublished] => 2019-07-04 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2019/07/03/bus5-edgar-saavedra_2019-07-03_19-41-25208_thumbnail.jpg
                )

            [3] => Array
                (
                    [ArticleID] => 1889744
                    [Title] => Megaworld taps Megawide for Pasay condo project
                    [Summary] =>  Megaworld has tapped Megawide Construction Corp. as its EPC (engineer, procurement, construction) contractor for The Gentry Manor, located within its  Westside City township in Pasay City.
                    [DatePublished] => 2019-02-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 1838468
                    [Title] => Megawide chair calls for substantial improvement in Metro Manila traffic
                    [Summary] => Metro Manila’s traffic situation continues to worsen and tycoon Edgar Saavedra of listed engineering and construction conglomerate Megawide Construction Corp. has joined millions of Filipinos in calling for substantial improvement in the traffic system.
                    [DatePublished] => 2018-08-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 1817691
                    [Title] => Megawide income up 16% to P635.8 million in Q1
                    [Summary] => Listed engineering and construction conglomerate Megawide grew its net income by 16 percent in the first quarter to P635.8 million, boosting prospects for this year given the growth in the airport business and the improving construction business, its top official said.
                    [DatePublished] => 2018-05-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 1684857
                    [Title] => Megawide earnings rise 30% in 2016
                    [Summary] => Megawide Construction Corp. reported a consolidated net income of P1.92 billion last year, up 30 percent on higher revenues.
                    [DatePublished] => 2017-04-07 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 1346215
                    [Title] => Megawide shelves export plan to focus on PPP
                    [Summary] => 
Megawide Construction Corp., one of the country’s top building contractors, has temporarily shelved its plan to export pre-fabricated construction materials to Southeast Asian neighbors.

                    [DatePublished] => 2014-07-15 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1538806
                    [AuthorName] => Neil Jerome C. Morales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => Array
                (
                    [ArticleID] => 1340915
                    [Title] => Megawide allots $100M for power generation projects
                    [Summary] => 
Megawide Construction Corp., one of the most active local companies in infrastructure and construction, is venturing into $100 million worth of power generation projects in line with plans to diversify its income source.

                    [DatePublished] => 2014-07-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1538806
                    [AuthorName] => Neil Jerome C. Morales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 753691
                    [Title] => Filinvest partners with Megawide for The Linear
                    [Summary] => 
(From left): Megawide president Engr. Edgar Saavedra, Filinvest Land president and CEO Joseph M. Yap. Filinvest Land Inc. (FLI) announced that it recently awarded the construction of its Linear high-rise project to Megawide Construction Corp. With this award, Tower 1 of The Linear is slated to top-off in 2012 marking the structural completion of the building, while turn-over of the units is scheduled for the first half of 2013.
                    [DatePublished] => 2011-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Real Estate
                    [SectionUrl] => real-estate
                    [URL] => 
                )

        )

)

abtest