Yuchengco Group of Companies’ construction firm EEI Corp. is set to commemorate its 92nd anniversary with a leadership transition seeing chief operating officer Henry Antonio taking the helm as chief executive in May, while maintaining its status as major player in the industry.
Founded in 1931, EEI is a renowned construction company that continues to drive change and progress in the Philippine construction industry to future-proof the lives of its stakeholders including customers, contractors, partners, suppliers and—by extension and through its projects—the general public.
EEI is approaching the year with cautious optimism amid economic uncertainties in the global and domestic front, but also sees catalysts that present new growth opportunities for construction services in both light and heavy industry.
“The structural reforms that promote Foreign Direct Investment such as the Public Services Act and the EO (Executive Order) to adopt the Philippine Development Plan, that the government is trying to institute, have the potential to impact growth in the manufacturing, renewable energy and logistics sectors. In addition, we see the continued growth trend in global digitalization as something that would influence the growth in data centers,” Antonio said.
The prospects remain positive for EEI despite potential headwinds in the property sector and delays in the implementation of government infrastructure projects as its market position allows the company to keep thriving amid a short-term environment with fewer new capital projects.