Cirtek Philippine Holdings Corp. projects revenues for the current year to triple. The company put up $6 million in a production facility in their new 6,000-square-meter manufacturing plant at the Laguna Technopark. This is to support its multi-year contract with Quintel, which was signed in November of 2015.
The company’s subsidiary plans on rolling out new products over the next few months. Two hundred workers, managers, and engineers have also been added for the production of antennas for a New York-based company. It is estimated to generate $20 million in revenues for the first year, with a potential to double within the next two or three years.
