PLYTEC Holding Berhad has signed a distribution agreements with Philippines-based FASI Forms Inc. for it be the exclusive distributor for its products, including the WONDERBoard, Pecaform, as well as formwork and falsework systems for a five-year term starting 19 December 2024.
PLYTEC group managing director and chief executive officer Yang Kian Lock commented, "Following our successful ventures in Thailand and Indonesia, we are thrilled to expand our footprint to the Philippines, unlocking more opportunities in Southeast Asia. FASI is a pioneer with over four decades of experience and an extensive network in the local formworks industry, led by its founder and president, Mr. Frederick V. Erum, an award-winning inventor and patentee recognised for his innovations in formwork improvements. Therefore, we are confident our products will gain significant traction in the Philippines market."
He added, "We are reaping the benefits of our participation in international exhibitions, which have allowed us to showcase our services and products to a broader audience. Philippines is currently experiencing a surge in construction activities under the Build Better More infrastructure programme. We believe our products will play a crucial role in these projects, contributing to the nation's development while addressing the industry's demand for efficient and sustainable construction solutions."