ATN aims to hit P1B in sales
Holding firm ATN Holdings aims to sell about P1 billion worth of premium construction materials this year and next year as part of its transformation into a key producer of rock aggregates and precast concrete required by big-ticket infrastructure builders.
“The government’s ‘Build, Build, Build’ program has been tagged as a key strategic driver of economic recovery. Infrastructure spending carries massive multiplier effect in terms of jobs generation, commerce, trade, logistics, and direct investments—all of which will allow us to strengthen our ability to withstand the prolonged impact of COVID-19, despite three positive vaccine development from USA and Europe,” ATN chair and chief executive officer Arsenio Ng said in a statement.
“We are initially setting a P1-billion sales target for 2021 to 2022 to be derived from a combination of rock aggregates, premixed concrete and boulders,” he added.
Ng said ATN’s finished products met the stringent criteria of quadruple A-rated contractors after passing rigorous multiple testing standards for its premium basalt.
ATN—which has interests in real estate, renewable energy, satellite technology, and operator of one of the country’s largest rock reserves sites—sees itself in a good position to capitalize on the government’s ambitious infrastructure push.
ATN had recently started delivery of top-quality rock aggregates for the Tutuban-Malolos segment of the P628-billion North-South Commuter Railway Extension. —DORIS DUMLAO-ABADILLA