ABG Invests P70 Million to Expand Modular Construction Capabilities
Asiabest Group International Inc. (ABG) has committed P70 million to ABG Modular Development Corp. to enhance production capacity and support growth. This funding will allow ABG Modular to expand its prefabricated concrete modular structure operations amid rising demand for efficient construction solutions.
Theia Market Signal Identification - AI Assisted
Asiabest Group International Inc. (ABG) has invested P70 million in ABG Modular Development Corp., increasing its stake from an initial P10 million. This investment supports a capital increase for the subsidiary's authorized stock from P100 million to P300 million.
The funds will be used for expanding manufacturing capabilities, acquiring equipment, and investing in automation and project demonstrations. ABG Modular focuses on prefabricated concrete modular structures (PCMS) and has partnered with Concrete Stone Corp. to enhance project execution. The rise in demand for modular construction is anticipated to drive the company's growth and address infrastructure needs.
Comments