Aboitiz Construction looks to China for expansion

ABS-CBN News

Posted at Dec 18 2017 02:26 PM | Updated as of Dec 18 2017 04:08 PM

MANILA - The Aboitiz Group said Monday its construction arm is looking to China to help expand its business, as it bets on the government's infrastructure program.

Aboitiz Construction chairman Jaime Jose Aboitiz was in China recently for talks with Shandong Electric Power Construction Corp and Dongfang Electric Co, the group said in a statement.

Both Chinese firms offered partnerships with Aboitiz, the company said.

Shandong Electric specializes in building, designing and operating power plants. Dongfang Electric is directly administered by the Chinese central government.