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D.M. Consunji clinched P12b worth of new deals in 2018

D.M. Consunji Inc., the construction arm of the Consunji Group, bagged P12 billion worth of new contracts in 2018, raising its order book by 12 percent to P27.9 billion from P24.8 billion in 2017.

DMCI Holdings Inc. said in a disclosure to the stock exchange building and infrastructure contracts accounted for the bulk of the order book at P11.2 billion and P11.1 billion, respectively. 

Energy projects reached P2.7 billion, while the value of plant and utilities contracts totaled P2.9 billion. 

DMCI said among the significant construction projects won by company in 2018 included the first Ikea store in the Philippines and The Estate Makati, the ultra-luxury residential condominium project of SM Development Corp. and that of Federal Land Inc.. 

The Ikea outlet within the Mall of Asia complex in Pasay City once completed will be the biggest in the world at 65,000 square meters. The project is slated for completion by 2021.

The Estate Makati, meanwhile, is the first residential building in the country to be constructed using double-slab technology, allowing owners to fully customize the layout of their units. 

“Building pioneering structures is at the core of our DNA. We are grateful and excited to be part of these projects,” said D.M. Consunji president and chief executive Jorge Consunji. 

The construction firm plans to secure more projects this year, with the current P27.9-billion order book good for the next two years.

Marubeni Corp. of Japan and D.M Consunji last week secured an electric and mechanical contract (E&M) from the government for the two additional stations eastward of the LRT Line 2 East Extensions Project for $62 million

Marubeni, as consortium leader, will be responsible for overall administration and the procurement of E&M railway systems. DMCI will be responsible for track-work procurement and construction and the installation of E&M systems. 

DMCI will also construct a viaduct and two new stations—Emerald and Masinag—for the project. Their construction will soon be completed

The existing Manila LRT Line 2, which was awarded to Marubeni in 2000 and completed in 2004, is a 13.8-km elevated metro line with 11 stations connecting the east and west of Metro Manila.

Topics: D.M. Consunji Inc. , new contracts
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