Crown in sync with economic progress
Being defensive with its credit evaluation contributed to the
toned-down revenue generation of CROWN. The management has opted to stay
prudent with the funds’ liquidity to preserve operational capabilities, with
production capacities in full swing in order to serve a continuous stream of
orders. Preserving the delicate balance between revenue generation and
operations fluidity remains a key focus of the management.
The management is optimistic about the tide-tuning trends in the
coming 3rd quarter, coming from the policy statements of President Ferdinand R.
Marcos, Jr. focusing on food security, education, and rationalizing health
Notably mentioned are his marching orders to pursue a stronger
push in infrastructure which would ideally target 5-6 percent of GDP. Further,
the pivot to engage more private participation bodes well for a needed
encouragement to the private sector that will generate employment and
revitalize economic activities and downstream businesses.
With infrastructure being among the key priorities of the new
administration, CROWN continues to pursue robustly its participation in
providing its leading brand of pipes and fitting, notably to the Bulacan
Airport, North Commuter Railway, Metro Manila Subway, Skyway-3, MRT-7,
NLEX-SLEX Connector Roads, and Wawa Dam. CROWN pipes were used in finished
flagship projects like CALAX and MMDA CCTV.
CROWN started in 1989 as a
manufacturer of premium PVC compounds supplied to wire and cable manufacturers.
As of now, CROWN PVC compounds expand to supply to diversified manufacturing
industries such as manufacturers of films and packaging for consumable liquid
products, doors, window profiles, and foot wears.
The company, being ISO certified and having quality manufacturing standards, has maintained world-class pipe products, premium PVC compounds, energy-saving PVC roofing products, compact and economical potable septic tanks, and bathroom equipment and fixtures. Also, they provide safe, quality, and sensible value to different construction sectors.
Back in 1998, the company embarked on manufacturing PVC pipes and
fittings with its vision of being world-class and putting safety and quality
first. This constancy of purpose has driven the company in the attainment of
its ISO 9001-2015 Certification of Compounds Division on March 19, 2018, and
Pipes Division on July 9, 2018, after a stringent audit by the ISO certificated
bodies. Supporting the operations are carefully crafted policies and operating
manuals, and fully integrated financial and operational ERP systems that speed
CROWN, managed with good governance and consistent ethical business practices, earned the company, for the second time around, a spot among Forbes Asia’s Top 3 Philippine companies of 200 Under a Billion (in US Dollars), selected from 20,000 listed companies across the Asia Pacific Region.
This award was given to selected
companies based on long-term sustainable performance and a composite score on
overall track score on metrics such as debt, sales, earnings-per-share, and
compliance to regulatory bodies with no legal issues.