Chinese firm to build assembly plant in Phl

The Duterte administration’s ambitious infrastructure plan has prompted a Chinese heavy equipment provider to allocate at least P200 million to build an assembly plant in the Philippines.

Jacky Fong, chairman of Allianz International Machinery & Trading Corporation (AIMTC), said the move is in preparation for the anticipated demand surge for heavy equipment products in the next five years as the Philippine government realizes its “build, build, build” thrust.

Fong added, during yesterday’s announcement of the company’s entry to Cebu and the Visayas, that the demand for heavy equipment products in the Philippines is seen to rise tremendously considering the multi-billion-peso expenditure allocated by the government o build infrastructure projects.

Although plans to build an assembly plant in the Philippines has not been finalizes yet, Fong said the company is eyeing Subic Bay as a probable area for the plant.

Today’s inauguration of the company’s Cebu office located in Plaridel Street in Mandaue City, will serve the robust construction industry in the entire Visayas.

AIMTC has been supplying the heavy equipment needs of huge construction firms in Manila and Mindanao since its entry to the Philippines in 2007.

“Currently, the bilateral relationship between Philippines and China is improving. Investments from China also increased. The requirements for infrastructure are strong and urgent," Fong noted.

In the next five years, Fong said Chinese investors will look at this era as the “golden period” for the Philippines.

"Allianz is dedicated to build the window for China heavy equipment and building materials," he added.

AIMTC is the authorized dealer in the Philippines for three trusted brands of heavy equipment machinery in China, these are XCMG, Shantui, and Sinotruk. Its main product include; concrete machinery, lifting machinery, road machinery, earth moving machinery, foundation machinery, heavyduty trucks, special vehicles, among others.

In Cebu, the AIMTC office is managed by Cebuano businessman Ronald Yang.