CROWN Asia Chemicals Corp. is set to supply pipes for the big-ticket road infrastructure project linking the provinces Cavite and Laguna.
In a disclosure to the stock exchange on Thursday, the manufacturer of polyvinyl chloride (PVC) and Crown pipes said the company is one of the selected material suppliers for the P35.68-billion build-operate-transfer project.
The company will be supplying its line of Crown pipes that will initially be used in the Laguna side of the project.
“Crown Pipes was subjected to consistent and stringent testing from MPCALA and DMCI (Consunji, Inc.) and will continue to be a preferred brand of high-impact infrastructure projects,” the company said.
MPCALA Holdings, which is part of Metro Pacific Investments Corp. (MPIC), is the private concessionaire for the CALAX project. Last year, MPCALA signed the contract with DM Consunji, Inc. for the construction of the Laguna segment.
The P35.68-billion CALAX project covers a 44.6-kilometer four-lane toll road between the South Luzon Expressway (SLEx)-Mamplasan interchange and the Cavite Expressway (CAVITEx). The project aims to reduce travel time from CAVITEx to SLEx by 45 minutes.
CALAX is expected to be completed in year 2020.
Crown Asia was earlier tapped as a supplier for the Metro Manila Skyway Stage 3, a 14.8-kilometer expressway connecting Buendia Avenue, Makati City to Balintawak, Quezon City.
Other than the manufacture of PVC compounds and Crown Pipes, Crown Asia is also engaged in the production of plastic compounds, PVC pellets, plastic pipes, and other related products for the construction and telecommunication industries.
Shares in Crown Asia slipped two centavos or 1.04% to end at P1.90 apiece. — Krista Angela M. Montealegre
