Thursday, July 5, 2012

Press Release from Centro Manufacturing Corp.

Photo courtesy of Rommel Juan

New truck-mounted equipment coming amidst economic upswing

The Philippine transport industry has a lot to look forward to as experts predict a continued upswing of the Philippine economy.

Vic Belisario, sales manager of local truck body builder Centro Manufacturing Corporation, says that with the prolonged construction boom the country is now experiencing and will continue to experience, coupled with the expected influx of fresh investments once the Executive Order on mining is issued by Malacanang, the transport industry is in for the long haul.


Analysts view the sharp increase in public construction investment starting the last quarter of 2011 as reason to believe the Philippine government will carry out its plan to continue boosting infrastructure spending in 2012. This is expected to result in the overall construction growth rate to reach 6.6% this year. If the public-private partnership is completely carried out, real growth in construction could hit 7.5% every year from 2013 to 2016.


Photo courtesy of Rommel Juan
“With this development, we expect the demand for truck, earth moving and other transport equipment to increase. Factor in the increases in call centers, OFW remittances, hotel/condo/office constructions and domestic trade transactions and not only is the truck market expected to increase but the truck-mounted equipment market as well”, he adds.

Data from the National Statistics Office show that domestic trade transactions that flowed through the Philippines’ transport system grew by 4.7% in the first quarter of 2012 versus the same period last year. It was estimated to have a volume of 4.73 tons of commodities worth P131.4 Billion. The land-sea combined mode of transport accounted for 99.8% of these trade movements. The top three commodities transported were food and live animals, machinery and transport equipment and manufactured goods.

Centro president Raphael T. Juan says that with this big volume and the nature of the domestic commodities that have to be moved for distribution to the country’s more than 7,000 islands, there is need for truck operators to decrease their turnaround time to increase productivity and income. “This means they must be able to find a way to load and unload commodities faster and with less manpower, if possible”.

“This is where our company’s alliance with Europe’s number one crane manufacturer Cargotec Hiab comes in. They have various types of truck-mounted tail lifts, hooklifts andcranes that can load and unload cargoes faster, safer and with minimum manpower. With their various models of stiff boom and knuckle boom cranes available, customers can choose which one would fit their specific needs in terms of load weight, distance and application”, Juan adds.

Centro will exhibit a Hiab stiff boom crane mounted on an Isuzu NQR truck at the forthcoming Philippine International Motor Show on Aug 16-20, 2012 at the World Trade Center, Pasay City. A European crane specialist will also be flown in to conduct a product knowledge seminar as a sidelight to the PIMS.

To learn more about Hiab cranes, please visit the Centro website at www.centromanufacturing.com.