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Manila Bulletin devider Business devider The Stock Market devider Asiabest launches ABG Modular to scale prefab construction in Philippines

Asiabest launches ABG Modular to scale prefab construction in Philippines

Published Feb 3, 2026 01:39 pm

Asiabest Group International Inc. is setting up a wholly owned subsidiary, ABG Modular, which will serve as its platform to scale modern modular construction solutions in the Philippines.

In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Feb. 3, the firm said ABG Modular is initially planned to operate in partnership with Concrete Stone Corp. (CSC), one of the country’s leading precast and aggregates producers.

While Asiabest advances its plans to fully integrate CSC, the collaboration is expected to capitalize on CSC’s advanced production capabilities and technical expertise.

The partnership is seen to result in the supply of premium precast components, scaled-up operations, and project delivery anchored on quality and efficiency.

Modular construction is viewed as a solution to address the Philippines’ shortage in mass housing and school buildings. ABG Modular is expected to support faster project turnaround times, improved margins, and meaningful value creation for shareholders in a sizable domestic market.

“This strategic move positions ABG at the forefront of modern, efficient, and sustainable building solutions, targeting lucrative sectors such as housing, commercial projects, infrastructure, schools, and community facilities,” the company said.

It noted that investors and property developers are increasingly favoring modular construction for its ability to compress project schedules and reduce cost uncertainties.

“With its superior quality consistency and unmatched cost efficiencies compared with traditional methods, ABG Modular is poised to capture high-demand contracts and drive rapid revenue growth,” Asiabest said.

Asiabest investor relations officer Michael Lim said, “The planned creation of ABG Modular is grounded in our mission of becoming a vertically integrated supply, logistics, and manufacturing powerhouse.

“We will pursue more design-and-build contracts for housing developments and schools, translating speed, reliability, and sustainability into real shareholder value,” he added. - James A. Loyola

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Asiabest Group International Inc. Concrete Stone Corporation
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