Articles worth reading

DSWD gets highest public satisfaction rating 

account_balanceMetro Manila access_time4 days ago

The Department of Social Welfare and Development (DSWD) has earned the top spot among government agencies in public satisfaction rating, results of the OCTA Research’s Tugon ng Masa survey showed in a report by Philippine News Agency. The...

House to sustain hearings on economic Cha-cha 

account_balanceMetro Manila access_time4 days ago

Majority Leader Manuel Jose Dalipe said on Wednesday the House Committee of the Whole will hold hearings three times per week to "exhaustively" discuss Resolution of Both Houses 7 (RBH 7), which proposes economic amendments to the 1987 Cons...

Comelec set to disclose winning bidder for poll automation 

account_balanceMetro Manila access_time4 days ago

The Commission on Elections (Comelec) will decide on whether or not to award the contract for the 2025 midterm polls automation project worth over P18 billion to the lone bidder Miru Systems Co Ltd. this week, according to a report by Phili...

Metro News

Phinma to build insulation panel factory in Pampanga 

account_balanceMetro News account_circleJames Lopes chat_bubble_outline0 Comments

Phinma Corporation’s construction unit, Phinma Construction Materials Group (CMG), is investing some P500 million to put up an insulation panel factory in Pampanga, according to a report by Philippine News Agency.

In a press conference following Phinma’s annual stockholders’ meeting in Makati City Tuesday, Phinma CMG president and chief executive officer Eduardo Sahagun said the insulation panel factory will have a capacity of producing 1 million square meter of insulation panels annually.

Sahagun said this project of Phinma CMG could be the biggest insulation panel factory in the country.

Advertisement

He added the output of the insulation panel manufacturing facility will primarily cater to cold storage facilities with the increasing demand from this sector, as well as other sectors such as housing, hospitals and data centers, among others.

Phinma CMG vice president for insulated panels division Danielle del Rosario said the new business will be named as Union Insulated Panel Corp.

“We look at it a certain way to protect businesses and people from the extreme effects of climate change. We will be providing effective thermal insulation and structurally efficient building materials that can reduce energy consumption and construction timelines through single component sandwich panels,” she said.

Del Rosario said these panels will be made with a flame-resistant rigid foam interior encased between exterior skins made of steel.

Advertisement

She added the new factory will be a highly automated manufacturing facility.

Sahagun said the budget for the insulation panel factory is part of Phinma’s capital expenditure (capex) for the year of PHP3 billion.

He said the listed firm has also earmarked its capex in expanding its school footprint in the Philippines and Indonesia, while also growing its property and hospitality ventures.

Phinma Education Philippines country chief Christopher Tan said the business unit is in talks with prospective partners in Surabaya and Bogor in Indonesia to operate Phinma schools in these areas.

Tan said the Phinma Education in Indonesia currently has 2,000 students following its acquisition of two colleges in Kerala, south of Jakarta.

He said the company sees enormous opportunities in education sector in the neighboring country with its population more than double than the Philippines.

“We’re at least looking at around 200,000 (students) over 10 years in Indonesia,” he added.

Meanwhile, both property and hospitality units of the conglomerate will also push for expansion this year.

Sahagun said the company did not cease to expand in the past years despite the challenging business climate brought by the coronavirus disease 2019 pandemic.


date_rangeDate Published
10 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Gov’t to provide alternative livelihood for farmers affected by El Niño 

account_balanceMetro Manila chrome_reader_mode1 week ago

The government may provide alternative livelihood assistance to farmers with “irrecoverable” agricultural land because of the effects of El Niño, the coordinating body tasked to mitigate the impacts of the phenomenon said in a...

DepEd reverting to old school calendar 

account_balanceMetro Manila chrome_reader_mode1 week ago

Senator Sherwin Gatchalian has expressed his support to the Department of Education's amendment of the school calendar gradually reverting to the pre-pandemic April-May school break, according to a report by Philippine News Agency. Gatchali...

Biazon inaugurates Connectivity Link in Muntinlupa

account_balanceMuntinlupa chrome_reader_mode5 days ago

Mayor Ruffy Biazon expressed enthusiasm during the blessing and opening ceremony of a newly established passageway connecting Katarungan Village in Barangay Poblacion and South Greenheights Village in Barangay Putatan on Tuesday, February 20. "...

Marcos vows to help Filipino artists 

account_balanceMetro Manila chrome_reader_mode1 week ago

President Ferdinand R. Marcos Jr. on Tuesday assured the Filipino artists of a “nurturing environment” where they can realize their full potential, according to a report by Philippine News Agency. During the 16th Ani ng Dangal Award...

×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature