CROWN ASIA Chemicals Corp. is introducing a new line of roofing materials for factories, warehouses and seaports, as the company works on strengthening its brand within the infrastructure sector.
In a statement issued Monday, the listed firm said it is introducing uPVC (polyvinyl) and APVC roofing, a high impact-resistant product safely engineered to meet the requirements of the market.
“It is built with UV protection, an important component that prevents premature aging, weakens the roofing material and cause brittleness. Climate variability exacerbate material degradation by increased dosage of harmful ultra-violet rays,” the company said.
Crown Asia noted the new roofing material will be able to handle extreme weather conditions, constant dampness, as well as low and high alkaline conditions.
The company targets developers of commercial, industrial, and manufacturing structures such as factories, warehouses, wharfs and seaports for the new material, as its non-corrosive characteristic would make it suitable for structures near or by the sea.
“We offer the many advantages of our new product for the benefit of architects, engineers, and developers in the industry and ultimately for the quality-conscious public that we serve,” Crown Asia Chairman and Head for the Pipes and Roofing Division Walter H. Villanueva was quoted as saying in a statement.
Incorporated in 1989, Crown Asia produces plastic compounds, plastic pipes, and other related products used in the construction and telecommunications industries. .
CrownAsia saw its earnings increase by 5% to P101.45 million in the first nine months of 2017, against the P96.84 million it realized in the same period in 2016.
Shares in Crown Asia picked up six centavos or 3.12% to close at P1.98 each at the Philippine Stock Exchange on Monday. — Arra B. Francia
