EEI, Zoomlion seal refleeting deal
We anticipate a surge in infrastructure projects from next year onwards which we are committed to accomplish, not just in terms of target schedules and completion
Daily TribuneWe anticipate a surge in infrastructure projects from next year onwards which we are committed to accomplish, not just in terms of target schedules and completion
The Yuchengco Group of Companies' construction giant EEI Corporation has sealed a memorandum of understanding with Chinese construction machinery maker Zoomlion Heavy Industry Science & Technology Co., Ltd., and ZL Machinery Philippines Inc. for the purchase of brand new heavy and construction machinery intended for the company's equipment re-fleeting project in the Philippines and its overseas business.
Held recently at the Shangri-la Hotel, The Fort in Taguig City, the MoU inking was graced by EEI Corp. president and CEO Henry Antonio; ZL Machinery Philippines, Inc. president Jesus Martin Cacho-Araneta, EEI Corp. senior vice president for SCM, Logistics, Security and Facilities Earl Jason Vistro; ZL Machinery Philippines Inc. Vice general manager Chris Zeng, and Earthmoving Machinery Business Unit assistant president and general manager Ye Yuan.
With the MoU, EEI Corporation will purchase brand new heavy and construction machinery from ZL Machinery Philippines and Zoomlion for the company's equipment re-fleeting project in the Philippines and its overseas business.
Surge in infrastructure projects
"We anticipate a surge in infrastructure projects from next year onwards which we are committed to accomplish, not just in terms of target schedules and completion, but also with excellent service and quality that come with working with EEI," said EEI's Antonio.
"We also have to be efficient with our capex (capital expenditure) budget. Acquiring equipment for several projects is one of the prudent investments we have to make to meet the demands of infrastructure work," he added.
Antonio and Vistro recently flew to China to visit the Zoomlion Smart City and negotiated high-level terms of the contract.
"In this industry, equipment reliability is a highly critical aspect of ensuring construction projects are executed on schedule. We believe that Zoomlion's equipment and excellence in after-sales service and support will improve the capability of EEI's project delivery and keep it on track," Antonio added.
Zoomlion Heavy Industry Science & Technology Co., Ltd. (ZHIST), founded in 1992, is mainly engaged in the R&D and manufacturing of construction machinery, agricultural machinery, and other high-tech equipment and new construction materials.