Since our previous post was about a company from the Construction, Infrastructure & Allied Services Industry, we'll be focusing on another strong player in this Industry which is the Megawide Construction Corporation.
Some of Megawide's biggest projects are from SMDC, City of Dreams Manila, DoubleDragon Plaza, and Urban Deca.
Megawide and in partnership with GMR Infrastructure Ltd. from India is handling the project of construction of Terminal 2 Mactan-Cebu International Airport.
Subsidiaries and affiliates include Altria East Land, Inc., Megawide Land, Inc., Megawatt Clean Energy, Inc., GMR Megawide Cebu Airport Corporation, Globemerchant, Inc., Megawide World Citi Consortium, Inc., MWM, Megawide Cold Logistics, Inc. Megawide Construction (BVI) Corporation, Citicore-Megawide Consortium, Inc., and Megawide-GISPL Construction Joint Venture.
Renewable Energy is also part of their business. They are located at Bataan Solar Farm and at Silay Solar Power Plant.
1. Basic Information:
Megawide Construction Corporation (MWIDE)
Sector: Construction, Infrastructure & Allied Services
2. The Company's History:
1997: Megawide is established as a pure constrtuction firm.
July 28, 2004: MWIDE was incorporated to primarily engage in general construction which involves constructuring, enlarging, repairing, or engaging in any work upon buildings, houses and condominium, roads, plants, bridges, piers, waterworks, railroads and other structures, and to own, use, improve and develop real estate of all kinds.
2007: Megawide secures Triple A license from PCAB. The Company was also awarded its first SM Development Corporation (SMDC) project, its biggest project at the time.
2011: Megawide holds Initial Public Offering and is oversubscribed three times. The Company also builds its Precast Facility in Taytay, Rizal, one of the largest in South East Asia.
February 18, 2011: MWIDE was listed in Philippine Stock Exchange
2012: Citicore- Megawide Consortium Inc. is awarded the PPP for School Infrastructure Project (PSIP) - Phase 1 for the construction of over 7,000 classrooms in Regions 3 and 4A.
2013: Megawide is awarded the PSIP-Phase 2 for the construction of over 2,000 classrooms in Regions 1,2,3 and CAR.
2014: Megawide and partner GMR Infrastructure Ltd. from India was awarded the Mactan-Cebu International Airport (MCIA) PPP project for the expansion and operation of airport facilities for 25 years.
Megawide was also awarded of ISO 9001:2008 and ISO 14001:2004 certifications.
2015: Megawide-WalterMart (MWM) Terminals, Inc. is awarded the Southwest Integrated Transport System (SWITS) PPP project for the construction and operation of terminal facilities for 35 years.
Megawide also entered into a new platform in EPC, the construction of Renewable Energy Power Plants.
<Here's the Company's Stock Data for the past year 2017-2018>
<The Company's Stock Data since 2011 until today 2018>
3. Present Stock (2018/10/04)
For the fiscal year ended, Dec. 31, 2017
Currency: Philippine Pesos (PHP)
4. Chairman of the Board
Chairman: Edgar B. Saavedra
Education: Bachelor's Degree in Engineering in De La Salle University; Special Studies in Foundation Formworks in Germany
Net Worth: US$245 Million
- Chairman, President, CEO & Chief Operating Officer of Megawide Construction Corp. (Construction & Engineering)
- Director of Altria East Land, Inc., MySpace Properties, Inc., Citicore Power, Inc.
- Principal of Citicore Holdings Investment, Inc.
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