Aboitiz InfraCapital, Inc. (InfraCapital), Aboitiz Construction, Inc. (ACI), and JGC Corporation have signed a tripartite Memorandum of Understanding (MOU) to pursue various infrastructure development projects in the Philippines.
Cosette V. Canilao, Aboitiz InfraCapital President & CEO, ACI President & CEO Alberto A. Ignacio, Jr., and JGC Corporation Board Member & President of the Infrastructure Project Company Terumitsu Hayashi led the signing of the MOU last February 5, kicking off their collective efforts to help boost the country’s infrastructure.
Also in attendance were Antonio G. Cabrera, President of JGC Philippines, Anna Victoria Lu, InfraCapital VP Business Development & Deputy Infra Group Lead, Ryosuke Kashima, JGC Corporation Senior General Manager of Sales & Planning Department, and Felma R. Yap, ACI FVP Business Development & Estimating.
Under the MOU, bothe ACI and JGC will both support InfraCapital in its plans to pursue business opportunities and the development of potential infrastructure projects. The three firms will work together, combine their skills, competencies, resources, and expertise to ultimately secure contracts for infrastructural projects execution.
We at the JGC Group are looking forward to partnering with the Aboitiz Group on these potential developments and believe we are going to make a good team. We will do our best for the Aboitiz Group.
– Terumitsu Hayashi, Member of the Board & President, JGC Corporation Infrastructure Project Company
ACI has been a major subcontractor of JGC for almost 17 years building an impressive track record together. Having JGC in this tripartite agreement could immensely provide leverage for potential infrastructure projects. As for InfraCapital and ACI, both plan to build together a solid portfolio of infrastructure projects to uphold Aboitiz Group President & CEO Sabin Aboitiz’s direction of One Aboitiz where all business units work and achieve together.
Aboitiz InfraCapital is the Aboitiz Group’s fifth business leg that undertakes all infrastructure and infrastructure-related investments, while Aboitiz Construction is one of the country’s most trusted and respected engineering, design, and construction companies. JGC Corporation is a global EPC (Engineering, Procurement, Construction) company for various plants and facilities in infrastructure fields such as energy, industrial and social; and oil & gas fields, which covers oil and gas production, separation and integration, petroleum refining, gas processing, LNG, petrochemicals and gas chemicals.
