Crown Asia Chemicals Corp. saw its profit rise by 53% in 2015. This surge was fueled by strong sales of pipes and polyvinyl chloride compounds. Their net income managed to reach P100.15 million in 2015, as their revenues leaped considerably. The PVC compounds sales more than doubled whilst the pipe segment sales increased by 36.78%.
The company managed to create inroads to government projects through NAIA supply deals and NHA housing projects, as revealed by Crown Asia in a statement. The NAIA Expressway consisted of 7.75-kilometer elevated expressway. They are also looking to acquire 15 new supply contracts with PPP concessionaires and water utility firms.
