Friday, May 23, 2008 [ philstar.com ]
Phinma-led Bacnotan Consolidated Industries Inc. (BCII) is making its entry into the booming business process outsourcing (BPO) industry as part of plans to enter areas with high-growth opportunities.
BCII president Ramon Del Rosario Jr. said the group is open to acquiring existing BPO entities to jumpstart its entry into the outsourcing sector.
The company, which has investible funds with the divestment of its interests in the cement industry in 2004, earlier formed Phinma Finance Accounting Outsource Corp. and The Phinma Architecture and Engineering Outsource Corp.
Del Rosario said the group has hired an international advisory firm to help them with their plan to tap into the outsourcing of legal, finance and accounting as well as engineering services.
“The BPO sector is an industry with a bright future and creates employment opportunities,” Del Rosario said.
Excluding dividends from investee companies, BCII posted a consolidated net income of P330.41 milion last year , slightly lower than the P336.89 million
BCII is looking at further expanding its investments in the housing, education and energy sectors to further improve profitability.
The group’s objective is to build a network of five universities and colleges all over the Philippines with a total student population of some 50,0000 to 75,000.
BCII is likewise eyeing the geothermal plants to be auctioned off by the National Power Corp. Among these plants include the 330-megawatt Tiwi plant, 410-megawatt Makban plant and 112.5-megawatt Palinpinon.
The group continues to explore opportunities in the energy sector through subsidiaries Trans-Asia Oil and TA Power, which currently operate a 53-megawatt dedicated power plant for cement giant Holcim Philippines Inc.
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