Australia-based global ship building company Austal is raising its stake in the Philippine shipbuilding industry by expanding its shipyard in Balamban, Cebu, to be able to manufacture larger sea vessels.
Aboitiz Construction Inc., the privately held construction arm of the Aboitiz Group, recently bagged the contract to design and construct the expansion facilities for Austal Philippines Pty Ltd.
“This expansion will more than double the capability of the shipyard in terms of output and size of vessels it can manufacture. It will also generate hundreds of additional employment,” said Mitch Barnett, Austal Philippines project manager.
“With the rapid growth of Austal Philippines’ …