ATN HOLDINGS, Inc. is targeting to begin the mass production of pre-mixed concrete products within November.
In a disclosure to the stock exchange on Tuesday, the company said its five-storey batching plant is equipped with technology that will let it operate at a mixing efficiency of around 60 cubic meters per hour.
ATN said it is targeting an annual production rate of around 77,000 cubic meters of pre-mixed concrete products that will be made from high-grade rock aggregates sourced in its crushing plant.
ATN Holdings Chairman and Chief Executive Officer Arsenio T. Ng said the facility will let the company extend the company’s range of products, being one of the makers of premium construction materials.
“At this point, we are finalizing test runs to ensure optimal efficiency and technical stability,” he was quoted as saying.
Mr. Ng added that the facility will let ATN Holdings diversify its sources of revenues and attend to the increasing demands of the construction sector.
“Again, we are uniquely positioned to contribute to this so-called Golden Age of Philippine Infrastructure. Alongside our government, ATN is prepared to play its role in terms of economic resiliency and nation-building,” he said.
ATN operates rock-extraction facilities in Rodriguez, Rizal and has recently joined the construction of the phase 1 of the North-South Commuter Railway (NSCR) project worth P54 billion.
On Tuesday, shares in ATN “A” at the stock exchange rose 6.74% or P0.06 to close at P0.95 per piece while its “B” shares climbed 5.56% or P0.05 to end at P0.95 each. — Revin Mikhael D. Ochave
