Crown Asia boosts PVC compound capacity | | Philippine News
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Crown Asia boosts PVC compound capacity

Crown Asia Chemicals Corporation (Crown Asia), manufacturer of premium PVC compounds and world-class Crown Pipes, is expanding its compounding capacity by 10 percent to 16,500 metric tons per year (MTPY).

In a disclosure to the Philippine Stock Exchange, the firm said it has received delivery of its state of the art PVC compounding line from Germany.

The “shear-gap” feature of the new Compounding Line has the capability to produce a wide range of PVC compounds for various applications, most notable of which are clear rigid compounds used in bottles, IC tube packaging, shrink films, and labels.

The new compounding line will add another 1,500 MTPY to Crown Asia’s existing compounding capacity of 15,000 MTPY. The company started PVC compounding production in 1990 with 1,500 MTPY under the trademark “Petrovin”.

Currently, revenues from this specialized application for bottles, IC tube packaging and shrink films constitute only 14 percent of the revenue of the company’s Compounds division, with 86 percent of production capacity dedicated to the production of PVC compounds for wires and cables for export and local markets.

“By enhancing our production capacity in these new product applications, we are looking at growing our local customer base, which is expected to translate into a notable boost in our top line sales revenues,” said Crown Asia president and compounds division general manager Eugene Lee Villanueva.

The new compounding line cost the firm R12.5 million and was funded initial public offering proceeds from the listing of the company in the Philippine Stock Exchange last April 27, 2015.