Bacnotan goes into BPO
posted in New Outsourcing Destinations |Source: manilastandardtoday.com
Bacnotan Consolidated Industries Inc. plans to venture into business process outsourcing this year to take advantage of the rapidly growing sector.
Bacnotan chief executive Ramon del Rosario Jr. told reporters yesterday following the company’s annual stockholders’ meeting that the company was especially interested in a BPO business that would offer financial, engineering and animation services.
Del Rosario said the company was currently developing a strategy on how to enter the BPO industry. He said Bacnotan could either put up its own BPO facility or acquire existing companies.
“We see BPO as an industry with a bright future. We hope to get into the BPO sector within the year,” Del Rosario said.
He said Bacnotan’s entry into the BPO sector would also complement the company’s existing businesses.
“It’s the type of operations that blend itself to our type of skills and strengths. Plus, it is also a good mechanism employment for Filipinos,” Del Rosario said.
Bacnotan is primarily involved in investment holdings, galvanized and pre-painted iron sheets manufacturing, education, real estate development and real and personal property investment.
Its principal subsidiaries are Atlas Holdings Corp., Union Galvasteel Corp., Pamantasan ng Araullo Inc., Cagayan de Oro College Inc., Bacnotan Industrial Park Corp., P&S Holdings Corp. and Asian Plaza Inc.
Subsidiaries and affiliates include Phinma Property Holdings Corp., Trans-Asia Oil and Energy Development Corp., Luzon Bag Corp., AB Capital and Investment Corp. and Asian Coal Corp.
In 2007, the company reported a net income of P330 million, slightly lower than P336 million in 2006, while revenues grew to P2.79 billion, up from a year-ago level of P2.65 billion.
The company said it remained bullish in 2008 despite the market uncertainties. It said it planned to evaluate opportunities in oil exploration and the privatization of the power sector.
Through its newly formed subsidiary, Trans Asia Gold and Mineral Corp., Bacnotan also plans to pursue opportunities in the mining sector. Jenniffer B. Austria
