BDO supports precast concrete technology to spur economic growth
2023 February – BDO Unibank Inc. (BDO) is committed to support clients’ capital and funding requirements to attain their goals. Recognizing the role of banks as a key driver of economic progress, BDO continues to engage and lend to customers to fuel long-term development and business success while uplifting the lives of Filipinos.
When Concrete Stone Corporation (CSC), a manufacturer and distributor of building materials, precast products and construction aggregates realized the demand for its products and the need to reduce cost and production time, the company considered expanding its operations with new technology and acknowledged the role of a valuable banking partner.
“Achieving our business objectives is difficult without substantial funding. Since we want to be the leading supplier of construction materials in the Philippines, we need the support of a bank to bring our organization’s vision to fruition. BDO’s reliability, commitment and quality products and services are aligned with our business values. We found a trusted banking partner with BDO, paving the way for our company to contribute to the economic development in urban areas and in the countryside,” said Noel Jesus Santiago, President of Concrete Stone Corporation.
BDO financed the construction of CSC’s precast factory and facility in Mariveles, Bataan. Precast concrete technology is the next green step in the construction industry as it utilizes a reusable mold that ensures quality control and performs concrete curing in a well-controlled environment at the manufacturing plant prior to installation. This translates to reduced waste, less reliance on fuel-powered machinery, and minimal environmental impact.
CSC’s state-of-the-art precast concrete factory also ensures manufacturing with reduced dust emissions, noise, and other pollutants. Overall, the precast technology also provides Filipinos with a cheaper alternative in building their homes in terms of lower cost and faster production time.
Precast concrete's durability, adaptability to hot and cold temperatures without cracking or getting damaged, and ability to retain its strength even when exposed to extreme weather, makes the product disaster-resilient or at least less prone to the impacts of catastrophic events.
To further contribute its expertise and resources, CSC actively supports disaster response as it provides equipment and assists in rescue and clearing operations with the local government unit (LGU) during calamities and man-made disasters.
Moreover, it is involved in various flood control activities in partnership with the LGU by supplying quality materials such as armor rocks and filling materials for the riprap of river banks and other erosion prone areas where CSC has operations.
Concrete Stone Corporation has reached several milestones in the construction industry and has successfully supplied various big-ticket projects including the Cebu-Cordova Link Expressway (CCLEX). Even with the economic challenges facing the country, CSC continues to be at the forefront as the lead supplier of construction aggregates and materials in the Philippines.
BDO is committed in supporting companies’ significant initiatives designed to create jobs, improve Filipinos’ quality of life, and use new innovative technology to propel economic growth.
Spurring economic growth. BDO Unibank funded the construction of Concrete Stone Corporation’s precast facility in Mariveles, Bataan.
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