Mining boom boosts sales of heavy equipment distributor

MANILA, Philippines - Heavy duty tractors and equipment distributor Monark Equipment Corp. Philippines said that the Philippine mining boom enjoyed in the past few years was a big boon to its robust sales growth in 2011.

Edmidio “Boy” Ramos, Monark Philippines general manager, said they are looking at a 28-percent sales growth for 2011 of about P5.20 billion, from the P4.05 billion in sales they posted in 2010.

The impressive sales growth, he said, was attributed to steady improvement in all their product and services sales categories, but he noted that a key growth driver was in the sales of heavy equipment used in mining activities.

“We think that as much as 30 percent of the sales growth was contributed by sales of our mining equipment and machinery,” Ramos said.

If mining activities continue to remain active and sees steady increase in the country this year, Ramos said that they were projecting further growth in mining equipment and machinery, as well as services, sales to contribute a growth of as much as 35 percent.

Monark Equipment is the sole authorized dealer of Caterpillar – a $35-billion world leader in construction equipment, industrial and marine engines, generator sets and various materials handling equipment, as well as other leading North American and European brands in the Philippines.

It is a one-stop shop of product, systems and services for development industries such as construction, land development, mining, energy, agriculture and others.

Their machinery offerings range from large earth movers to telescopic cranes; generators, industrial to marine engines; farm tractors, prime movers, compact skid steer loaders, forklift trucks and materials handling equipment; to the latest in aerial work platforms and specialized tools.

They also offer a comprehensive after-sales services covering parts availability, workshop service facilities, maintenance services and account management services.