Megawide order book seen to hit record P80B
Megawide Construction Corp. is expanding its precast concrete capacity as its construction order book is expected to reach up to P80 billion, marking a record high for the company amid new housing projects linked to its partnership with state-run Pag-Ibig Fund.
Megawide chair and CEO Edgar Saavedra said the company was moving into expansion mode. The plan is to build a new precast facility to support the growing pipeline, which he described as the largest in the firm’s history.
“If this goes in, [Pag-Ibig’s] P10 billion, easily, we’re looking at P70 billion to P80 billion of our order book,” Saavedra told reporters in a chance interview.
He pointed out this would surpass Megawide’s previous peak backlog of around P50 billion to P60 billion.
Saavedra said the company’s order book already stood at more than P50 billion and could rise to over P60 billion by the next quarter, before eventually reaching the P70-billion to P80-billion range. These figures, he added, cover construction projects alone.
To meet the higher workload, Megawide will expand its precast manufacturing operations, a core part of its construction strategy.
Precast concrete allows structural components to be produced off-site and assembled at project locations, enabling faster construction timelines and more consistent quality. These are key requirements for large-scale housing developments.
4PH program
“We will build a new precast,” Saavedra said. “You need to expand, so we have to build our own capacity.”
The capacity expansion is also aligned with Megawide’s commitments under the government’s Pambansang Pabahay Para sa Pilipino (4PH) Program, following Pag-Ibig Fund’s P10-billion investment in the company’s housing platform.
The partnership is expected to support the rollout of thousands of affordable housing units over the next few years.
Saavedra said Megawide was gradually shifting its project prioritization to ensure it could fulfill its commitments as demand accelerates. This was as he noted that precast expansion was critical to delivering large volumes efficiently and on schedule.
