Published by Business Mirror
Laguna-based Cirtek Holdings Philippines Corp. on Thursday said its units were able to secure its respective ISO certifications on environmental and management standards, which will allow the company to attract more European and Japanese customers.
In its disclosure, the company said its units Cirtek Electronics Corp. and Cirtek Advanced Technology Solutions Inc. passed their ISO 14000 audits with zero non-conformance.
“Considering the stringent requirements of an ISO 14000 certificate, the company considers this a victorious achievement,” the company said. “Passing and securing an ISO 14000 standard provides assurance that a company has effectively established and maintains adequate environmental standards as well as management systems.” “This guarantees that organizations holding an ISO 140001 certificate adhere to the international environmental laws and regulations, run its operations with the aim of preventing pollution and continuously strive to improve its environmental performance, sustainability and green standards.”
Cirtek said being ISO 14000 certified opens its doors to the European customer demographics that are highly particular and selective with engaging partners who are environmental compliant and have a green advocacy.
The company said through its environmental certification, it expects internal organic sales growth from its European and Japanese customers.
The semiconductor industry worldwide is expected to experience growth between 10 percent to 15 percent this year.
Meanwhile, the company said it has extended its support to facilitate the drive to have majority of its employees vaccinated against Covid-19.
The company has cooperated with Laguna Technopark’s vaccination facility by fielding its own set of medical volunteers. As a result, it provided the employees easier access to a vaccination facility, which sits adjacent to the company’s premises.
This drove the workforce’s vaccination rate to 99.7 percent.
“Currently, the company’s medical team is moving forward to provide Covid-19 booster shots to strengthen herd immunity and pave the way to opening its doors again to international customers and visitors,” it said.
Jul 14, 2021
Published By Maria Romero Daily Tribune
Quintel USA Inc., the United States-based unit of Philippine Stock Exchange-listed firm Cirtek Holdings Philippines Corp., has extended a master supply agreement with two telecommunication companies in North America.
In a disclosure, Cirtek said the agreement between Quintel USA and two unnamed carriers provides for a business extension of another five years.
“This comes at a time following a series of new product introductions released by Quintel when fifth-generation (5G) is at an inflection point,” Cirtek said.
It added, “Quintel’s 5G products are pre...
Read moreAug 17, 2021
Published by Business World
CIRTEK Holdings Philippines Corp. has listed 249.44 million common shares in the local bourse, and will issue bonus detachable warrants of the same number, the company said on Monday.
In a press release, Cirtek Holdings said that the common shares sold through a stock rights offer are at an offer price of P5.50 per entitlement right each. The company set the ratio at one entitlement right for every 1.68 common shares.
Meanwhile, the company said that it is also issuing bonus detachable warrants which are free-of-charge to the investor. “[The warrants] shall be issue...
Read moreDec 02, 2021
Published by Business Mirror
Laguna-based Cirtek Holdings Philippines Corp. on Thursday said it secured the green light of the Securities and Exchange Commission for its primary offering of up to 50 million in perpetual preferred shares.
The company is selling its preferred shares to be classified as class B-2 subseries C or D shares at P50 apiece. Cirtek expects to raise some P2.5 billion from the offering.
The public offer period will run until December 3 and will be listed on the Philippine Stock Exchange on December 14.
Cirtek has been allowed to offer up to 70 million shares, or proceeds ...
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