US-based firm Caterpillar, Inc. expressed bullishness on its Philippine operation in the construction sector amid the government’s “Build, Build, Build” initiative.
The American construction machinery and equipment provider said the current administration’s massive infrastructure program would give opportunities for the sector.
Caterpillar Global Director for Excavation Division Giacomo Bottone said the company would provide a new line of products to offer to the market.
Caterpillar and Monark Equipment Corp.—the sole authorized dealer of Caterpillar products in the Philippines, launched the next generation CAT 320 Excavator in the Philippine market last April 12.
Bottone said the CAT 320 would help to fast-track construction activities in the country as it can improve operator efficiency by 40 percent, while reducing its fuel consumption by 20 percent and cutting maintenance cost by 15 percent.
Subsequently, Monark President Onofre Banson Jr. is also banking on the Build, Build, Build program, expecting to achieve 10 to 15 percent growth by 2022.