MANILA, Philippines - Listed plastic compounds and pipes producer Crown Asia Chemicals Corp. has bagged a deal to supply PVC pipes for the Ninoy Aquino International Airport Expressway Phase 2.
In a disclosure to the Philippine Stock Exchange, Crown Asia said the construction of the project commenced this month.
This is in addition to the company’s ongoing concession for the Phase 1 of the NAIA expressway project of diversified conglomerate San Miguel Corp.
The NAIA expressway is a public-private partnership intended to provide interconnecting access to the NAIA and to the 100-hectare Pagcor Entertainment City.
The four-lane elevated expressway will cut travel time to 8.2 minutes from 24.3 minutes upon completion of the project.
Derrick Villanueva, general manager of Crown Asia, said the quality and consistency of the company’s products make it a reliable partner for government projects.
“The NAIA expressway undertaking is a clear testament to this. PPP projects are seen to bring long-term benefits to the general public. On our part, we ensure that quality standards are maintained,” he said.
Villanueva said the company makes sure its products comply with standards set by the Philippine National Standards (PNS).
This is done with the help of the company’s in-house chemical engineers who retrieve samples from production lines at random shifts for product testing.
Crown Asia likewise supplies premium pipes and fitting in a number of projects by the National Housing Authority, the government housing agency.
These projects are in Manila, San Juan, Caloocan, and Bulacan and consist of clusters of medium-rise buildings and economic housing, which aim to provide affordable options to the broader market.
The company recently completed the Iloilo Convention Center.
Crown Asia also supplies for projects of reputable developers from the private sector, which include condominiums, subdivisions, malls, hospitals and resorts, among others.
The company, which started operations more than two decades ago, with just a single Taiwan machine and 22 employees grew its business through the years and added more plants, buildings and equipment.
It currently manufactures PVC compounds for applications in wires and cables, IC tubings, bottles and films.
The company embarked on an initial public offering last April, making it the first pipe company to list in the bourse and the first to list in 2015.
Its market capitalization has now reached more than P1.5 billion.