BDO Unibank Inc. (BDO) is supporting supporting economic growth by funding the new precast concrete technology built by Concrete Stone Corporation (CSC)—a manufacturer and distributor of building materials, precast products, and construction aggregates
In a statement, the bank said CSC considered expanding its operations with new technology after realizing that the demand for its products and the need to reduce cost and production time, the company 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,” said CSC President Noel Jesus Santiago.
He noted that, “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.”
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.
CSC has reached several milestones in the construction industry and has successfully supplied various big-ticket projects including the Cebu-Cordova Link Expressway (CCLEX).