EEI Forms Joint Venture with Japanese Firms

EEI Corporation (PSE: EEI), the 88-year old construction arm of the Yuchengco Group of Companies, inked a partnership agreement with Showa Leasing Co., Ltd. of the Shinsei Bank Group, Japan, and Saiga Co., Ltd., Japan.

Showa Leasing is a respected player in the equipment finance space, aiming to expand its business overseas and Saiga and is a leading crane rental company with operations worldwide, looking to expand its presence in the Philippines. The parties have agreed to set up a new Philippine based joint venture corporation primarily for the purpose of managing new and second hand construction equipment with the vision to expand its services to Southeast Asia.

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