ATN Holdings aims to sell P1-B worth of rocks

ATN Holdings, a diversified group which operates of one of the country’s largest rock-reserves sites, is aiming to generate P1 billion in sales of aggregates, concrete and boulders over the next two years.

 “We are initially setting a P1 billion sales target for 2021-2022,” said ATN Chairman Arsenio T. Ng adding that the firm is primed to capitalize on the government’s ambitious infrastructure push.

He said ATN is now 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.

“Our regular discussions with notable industry stalwarts underpin the extensive demand for our core products. To our favor, most of them have firmly indicated their voluminous rock supply requirements and intention to work with us,” said Ng.

Among the big-ticket projects identified by the government are the P350 billion Metro Manila Subway (Phase 1), P23 billion NLEX-SLEX Connector Road, P735 billion New Manila International Airport, and the planned P100 billion reclamation initiatives in Luzon.

Previously, ATN disclosed that it 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.  

Based on industry research, demand for construction materials specifically rock aggregates is forecasted to remain bullish in the long-term.

Given its existing massive finished goods stockpile of at least 1 million tons, ATN said it is in a strong position to immediately cater to a significant portion of the market.

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.(James A. Loyola)