Crown Asia pitches infrastructure play

PLASTIC compounds and pipe manufacturer Crown Asia Chemicals Corp. has bagged a deal to supply the piping requirements of P15.86-billion NAIA Expressway project.

In a disclosure to the Philippine Stock Exchange on Wednesday, Crown Asia said it would supply the PVC pipes for the NAIA Expressway phase 2 project, which has commenced construction this month.

The NAIA Expressway Project is a Public Private Partnership (PPP) venture intended to provide
interconnecting access to Ninoy Aquino International Airport and PAGCOR Entertainment City via a four-lane elevated expressway. Upon completion, travel time from Skyway to NAIA is expected to be slashed from 24.3 minutes to 8.2 minutes.

“The quality and consistency of our products has made us a reliable partner for government projects. The NAIA Expressway undertaking is a clear testament to this,” said Derrick Villanueva, general manager of Crown Asia pipes division. “PPP projects are seen to bring long-term benefits to the general public. On our part, we ensure that quality standards are maintained.”

Crown Asia likewise supplies premium pipes and fitting in a number of projects by the National Housing Authority (NHA) in Manila, San Juan, Caloocan, and Bulacan. These projects consist of clusters of medium-rise buildings and economic housing, which aim to provide affordable options to the broader market.

Adding to Crown Asia’s roster of government projects is the recently completed Iloilo Convention
Center.

From the private sector, Crown Asia likewise supplies a number of condominiums, subdivisions, malls, hospitals and resorts, among others.

“Crown Asia remains upbeat and expects to sustain its growth momentum in the coming years,” the disclosure said.