PHILIPPINES: Crown Asia Chemicals expands product line

Crown Asia Chemicals Corp. has launched a new product line to boost its revenues.

In a disclosure to the Philippine Stock Exchange, Crown Asia said Crown Enduro line offers a complete range of pipes and fittings for sanitary and drainage pipes for value conscious markets. With the new product line, Crown Asia Chemicals will be able to tap a largely under-served market segment by serving the mass housing market.

These projects, usually implemented by government agencies in partnership with private developers, provide affordable dwellings to the broader base of the mass population and there is an estimated backlog of five million units for this sector. The company recently introduced PPR and HDPE pipes which are required by projects that specify high pressure strength pipes. Crown Asia Chemicals is also looking forward to manufacture heavy duty and wider diameter Crown PVC pipes for drainage purposes in the very near future.

In January 2016, the company also announced the expansion of its compounding capacity through the acquisition of a new PVC compounding line from Germany, expanding its existing capacity by another 1,500 metric tons per year to 15,000 metric tons per year.

Crown Asia Chemicals started operations more than two decades ago with 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’s market capitalization has now reached more than P1.5 billion.

Source: Daily “The Philippine Star”, Manila; 29 Feb 2016
(Syed Rashid Ali, Karachi, Pakistan)