New precast plants to boost Megawide’s orders to P80 billion

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January 19, 2026 | 12:00am

MANILA, Philippines —  Megawide Construction Corp. is eyeing to raise significantly its precast production capacity to support its expansion, with its construction order book seen soaring to a record high of up to P80 billion this year.

Megawide chairman and CEO Edgar Saavedra said the company plans to build new precast plants to hike its capacity.

“Our strategy is we will build a new precast (facilities) because you need to expand. So, we have to build our own capacity,” Saavedra said.

“Most likely, we will have a big expansion of our capex maybe by the end of the year because we will expand our precast capacity.  We will be putting up new facilities for precast,” he said.

Saavedra said Megawide is looking at around P1.5 billion to P2 billion in investment should the planned expansion push through, with the company likely go to the capital market for funding.

Megawide expanded its precast production capacity with the opening of a second precast plant in Taytay, Rizal in late 2022 which is capable of producing over 35,000 cubic meters of precast annually.

“If we’re going to put up a new one, most likely in the south area, Cavite. Geographically, we’re already in the east. So best if we can have one in the south and one in the north so Metro Manila and the Greater Manila will be covered,” Saavedra said.

Megawide employs one of the most advanced precast construction technologies to attain easy standardization, faster construction time and lower cost, while maintaining enhanced design and high-quality finish.

The plan to expand its precast production capacity comes amid Megawide’s keen interest in joining the government’s Pambansang Pabahay Para sa Pilipino (4PH) program, with the company aiming to launch 100,000 units as part of its long-term roadmap.

Megawide said the first 50,000 units have already been identified and included in its pipeline over the next five years.

These include project launches and groundbreakings in five locations in Cavite – one in Imus and two each in Dasmariñas and Bacoor.

Last month, Megawide entered into an investment and partnership agreement with the Home Development Mutual Fund (HDMF), more popularly known as Pag-IBIG, to accelerate the government’s expanded 4PH program.

The agreement involves HDMF’s participation as an investor in the 4PH housing projects through a subscription to perpetual preferred shares issued by Megawide Dreamrise Residences Inc. amounting to P10 billion, payable in three tranches.

The funds will in turn be used to deliver at least 7,000 housing units, at affordable packages, over the next two to three years.

Saavedra said the P10 billion from Pag-IBIG, will translate to a big order book for the company.

“If this comes in, (Pag-IBIG’s) P10 billion, easily, we’re looking at P70 billion to P80 billion of our order book. So, that’s the all-time highest because P50 billion plus to P60 billion was our highest,” Saavedra said.