ATN Holdings Inc. expects to sell P1 billion worth of concrete aggregates by next year as it eyes to address government’s infrastructure spending.
Arsenio Ng, ATN chairman, said among the identified big-ticket projects include the P350-billion Metro Manila Subway (Phase 1), P23-billion NLEX-SLEX Connector Road, P735-billion New Manila International Airport and planned P100 billion reclamation initiatives in Luzon.
ATN said has commenced delivery of top-quality rock aggregates for the Tutuban-Malolos segment of the P628-billion North-South Commuter Railway Extension, that will link New Clark City to Laguna.
“We are initially setting a P1-billion sales target for 2021-2022 to be derived from a combination of rock aggregates, pre-mixed concrete and boulders. Our finished products meet the stringent criteria of quadruple A-rated contractors after passing rigorous multiple testing standards with specific gravity of 2.7 and above, for its premium basalt rocks as conducted by international technical experts on rock quality,” Ng said.
Ng said industry research showed demand for construction materials specifically rock aggregates will remain bullish in the long-term.
Given its finished goods stockpile of at least 1 million tons, ATN is in a strong position to immediately cater to a significant portion of the market, according to Ng.
“Aside from reported rock reserves of more than 200 million tons to sustain 30-year market demand, and hollow blocks for 5 million units mass housing backlog, ATN is currently operating a crushing facility with an hourly capacity of 500 tons. Recently, ATN commissioned its state-of-the-art batching plant featuring a mixing efficiency of 60-cubic meters per hour to manufacture pre-mixed concrete products,” he said.
Ng said ATN is actively engaged with strategic parties in the construction industry for potential supply arrangements, given 2021 budget priority for P1 trillion infrastructure spending by the national government.