While a lot of construction companies are already engaged to putting their stocks on Initial Public Offering (IPO) to raise capital for expansion, CMPCI’s Board of Directors and I, implemented its own version of self-expansion.
Diversify into new business activities to ensure company’s sustainability through regular cash flow, such as: commercial leasing for mall, warehouses and office spaces at Forum Building. Production and sale of construction related products, ready mix concrete, asphalt, RCPs, and metal sheet fabrication, heavy equipment and spare parts dealership.
Ensure that construction business activities remain to be the top revenue contributor, with shortlisted projects mainly under large category and of high significance only.
Develop PPP ventures for government priority project on solar power and bulk water supply.
Enhance company branding through the completion of the construction of its forefront office, The Forum and its Motor pool, develop a strong management team, embrace hybrid business communication solutions that enable collaboration from anywhere, at anytime and from any device, be consistent with its corporate philosophy of “Quality, Health and Safety, and Environment Above All Else” and “Deliver Project Ahead of Schedule” on all of its endeavor, adopt an Integrated Computerized System used by multinational companies, here and abroad, upgrade ISO Certifications on Quality, Health and Safety, and Environmental Management to the latest version of the standards, implement an all year round training and development of supervisors and manpower geared towards increased productivity, quality management, health and safety, effective management, etc., upgrade financial reporting system and strengthen internal control and audit system, adopt and implement strong compliance to regulatory requirements, be it local or national, enhance and expand banking relationships.
Now, I can confidently say, the company is ready to craft its own story, from a local grown builder to where it is now, CMPCI DIVERSIFIED.
We've been building to bring progress, since 1969!
From a family enterprise in the 1960s, CM Pancho has grown into one of the most trusted leader in the country's construction industry.