Crown Attends Forbes Asia Virtual Awards
CROWNASIA CHEMICALS CORPORATION JOINS FORBES ASIA
VIRTUAL AWARDS FOR 200 BEST
Asia Pacific Region's top performing listed
companies in the annual Forbes Asia 200 Best Under A Billion attended
the Virtual Forum and Awards Ceremony on November 23, 2020. Derrick P.
Villanueva, Director and General Manager
for PVC Pipes Division received the award in behalf of Crown Asia
Chemicals Corporation.
In 2018, Crown Asia Chemicals was ranked among
the Top 1000 High Growth Companies in
the region by the Financial Times of London.
Crown Asia Chemicals Corporation,
manufacturer of world class Crown Pipes, PP-R, HDPE and Crown compounds
(Petrovin), is one of the three public companies from the Philippines included
in the select group of awardees. Some 18,000 companies were screened for their
overall track record measured for debt,
sales and earnings growth over the most recent fiscal and three-year period and
the strongest one and 5-year average returns on equity. The 200 companies in
the final list had to go through qualitative evaluation of merits.
Crown Asia Chemicals is a value company
that has consistently aligned its governance and management ethics to the
company's vision, exercised prudence in decision-making for a financially sound
result of company operations.
The company remains to be a viable
investment in the Philippine Stock Exchange market. To date, its market price
did not go below its IPO price. It has a consistent revenue and profitability
growth and annually declares dividends to stockholders.
In the heel of the ECQ, the company had
undertaken risk mitigation measures to protect its employees and provide stable
jobs, resumption of normal operations and deliveries to customers.
The company is undergoing organization
restructuring and alignments as it continues to explore possibilities for
expansion of product lines and production operations. It is looking into
forward integration and business collaborations for its sustainability efforts.