HSS Engineering Berhad through HSS International Sdn Bhd has entered into a binding Heads of Agreement with Engineering and Development Corporation of the Philippines for the incorporation of a joint venture vehicle.
EDCOP conducts general engineering business, including management, consultation, designing, construction, supervision and/or engagement in any project for hydro-electric and steam power, irrigation, roads and highways, buildings and structures, manufacturing and industrial plants.
Since its incorporation, EDCOP has gained national prominence with its track record of providing specialized professional consulting services for land, water and energy resources development. To date, EDCOP has completed more than 1,000 construction projects, serving more than one hundred clients, some of whom have engaged EDCOP’s services on repeated occasions and in different projects.
The principal activity of the JVC is to provide advanced Building Information Modeling (BIM) services and solutions, focused on 3D modeling, clash detection, and comprehensive project management for the infrastructure sector, while also engaging in innovative research and development in BIM technologies.
The total paid-up capital of the JVC will be PHP300,000.00 comprising 300,000 ordinary shares of PHP1.00 each with the following shareholding percentage:-
HEB said the collaboration represents a significant milestone as it will diversify the group’s client base and enhance its reputation within the BIM sector in the Philippines market, a region with tremendous growth potential in the field of construction and infrastructure development.
