The Company was incorporated and registered with the SEC on February 10, 1989 as Crown Asia Compounders Corporation. On September 29, 2014, the SEC approved the change of the Company’s name to “Crown Asia Chemicals Corporation”. Its primary purpose is to engage in, operate, conduct and maintain the business of manufacturing, importing, exporting, buying, selling or otherwise dealing in, at wholesale and retail such goods as: plastic and/or synthetic resins and compounds and other allied or related products/goods of same/similar nature, and any and all equipment, materials supplies used or employed in or related to the manufacture of such products. Its registered address and principal place of business is at Km. 33 MacArthur Highway, Bo. Tuktukan, Guiguinto, Bulacan, Philippines.
The Company started commercial operations in 1990 with the trading of imported Polyethylene (“PE”) compounds and paraffin waxes. In the same year, the Company started the production and sales of PVC compounds at its plant in Guiguinto, Bulacan with just 22 employees. The said plant had an initial operating capacity of 1,800 metric tons per annum (“MTPY”) of PVC compounds. The Company started exporting its PVC compounds in 1995. In March 1, 1998, CROWN was assessed and approved by QMS Quality Management Systems Limited (“QMS”), an ISO-certifying body, an ISO 9002:1994 certification for having quality administration systems as a manufacturer and distributor of chemical compounds.
Capitalizing on its expertise in PVC formulation, CROWN expanded downstream into the manufacture of industrial plastic pipes under the CROWN® pipes brand for electrical, sanitary, potable water, and telecommunications applications. In 1998, the Company began the production of PVC flexible electrical pipes using the latest German machinery and technology at that time. Soon after, the Company’s range of product lines expanded further with the introduction of PVC electrical conduit pipes and potable water pipes in 2000, and sanitary pipes and fittings in 2002.
In 2003, CROWN saw the opportunity to expand the application of its PVC compounds beyond wires and cables. It started to develop and market PVC compounds for use in integrated circuit (“IC”) packaging tubes, films and bottles, as well as door and window profiles.
In 2006, the Company started to explore the HDPE market by engaging in marketing and trading HDPE pipes and fittings under the CROWN brand to test the market. The HDPE pipes were supplied by an HDPE pipes manufacturer and importer that manufactured the pipes and imported the fittings. The HDPE products were marketed under the CROWN pipes brand since they were produced following the strict specifications of the Company. The HDPE products were subjected to quality assurance testing that ensured its conformity with CROWN Pipes quality standards. After the favourable market acceptance of CROWN HDPE pipes and fittings, the Company started manufacturing its own HDPE pipes in November 2013 utilizing one (1) of its existing extrusion machineries for this product line while the HDPE fittings continued to be sourced from importers.
The Company also has expanded its lines to include pressure main distribution pipes and telecommunication conduit pipes in 2006.
In its 26 years of operations, the Company has established CROWN® into a premium brand that is committed to excellence in product quality, reliability and safety, thereby earning the trust and confidence of architects, builders, and key players in the construction industry.
As of January 31, 2016, the Company had an operating capacity of 16,500 MTPY for its compounds business and 8,820 MTPY for its pipes business as of the same date.
The Company continues to update its ISO certifications in its continuing commitment to maintain the highest level of quality in its operations and products. On June 26, 2012, Certification International Philippines, Inc. (“CIP”), an ISO-certifying body, issued a certification of registration to CROWN for its Pipes Group, certifying that CROWN operates a quality management system that has been assessed as conforming to ISO 9001:2008 standards for the manufacture and distribution of unplasticized polyvinyl chloride (“uPVC”) pipes for potable water, electrical, sanitary, pressure main pipes, multi-purpose pipes, and distribution of pipe fittings, valid until June 25, 2015. In addition, on April 7, 2013, CIP issued a certification of registration to the Company for its Compounds Group, certifying that CROWN operates a quality management system that has been assessed as conforming to ISO 9001:2008 standards for the design, development, manufacture, and distribution of thermoplastic compounds for various applications in the construction, telecommunications, automotive, and packaging industries, valid until April 6, 2016. These ISO certifications are valid for three (3) years.
The Company sells its plastic compounds to manufacturers of wires and cables, IC tubes, films and sheets, bottles, among others. For the past three years (2013-2015), the Company sold 58.06% of its compounds to the local market and the balance to the export market. On the other hand, the Company sells its pipe products to government projects and property of notable private developers. Projects supplied to are Conrad Hotels & Resorts, Shangri-la at the Fort, SM Malls and High Rise Buildings, Robinsons Malls and High Rise Buildings, Ayala Land, Ortigas Land, Star Mall, Vista Residences Buildings, New San Jose Builders Condominiums, Trump Tower Century Properties, St. Luke Medical Center BGC, just to name a few.
In April, 2015, the Company listed in the Philippine Stock Exchange (PSE) offering 158 million primary shares representing 25% of total outstanding shares.
In 2015, the Company started production of PPR and HDPE pipes and fittings.
In January, 2016, Compounds division expanded its production capacity by 1,500 MTPY to 16,500 MTPY.
In February, 2016, Pipes Division launched its new ENDURO product line.