Revolution Precrafted plans to build 6 factories
REVOLUTION Precrafted Properties Philippines, Inc. targets to build six factories in every region where it is present in order to support its aggressive overseas expansion plan.
In a recent interview on CNBC’s Managing Asia, Revolution Precrafted founder and Chief Executive Officer Jose Roberto A. Antonio said the company plans to set up its own factory to gain better control of the materials used for its prefabricated units.
“Ideally I’d like to have one per region, so ultimately that will be six. I’ll start with Asia because that’s where most of the orders are coming from,” Mr. Antonio said.
The first factory will be built within the year.
“I’m already having conversations with amazing technology providers and we’re just going to go make the investment,” he added.
Currently, Revolution Precrafted taps a network of fabricators in different regions to produce its projects. Each fabricator is engaged, depending on the location of the order.
“So it’s a really B2B2C ( business-to-business-to-consumer) model where we partner and form a joint venture or we supply to a developer and they turn it out to the end user. And so far the sales have been robust,” Mr. Antonio said.
The company has been striking a string of international deals over the past six months. Its most recent project is in Puerto Rico, where it will supply over 2,000 residential villas for Grupo Cacho, Inc.
Revolution Precrafted has also managed to gain a footprint in Dubai, Myanmar, Japan, and parts of the Caribbean.
Locally, the company is supplying prefabricated structures for Batulao Artscapes in Nasugbu, Batangas, and Revoution Flavorscapes in Mexico, Pampanga.
The total deals are valued at $7.2 billion, with around third of that accounting for Revolution Precrafted’s projected revenue. The company is further targeting a 30-35% profit margin.
Mr. Antonio remains on the lookout for potential partnerships overseas, in order to hit his goal of reaching 25 countries by the end of 2018.
By 2020, the executive looks to be present in 85 countries with revenues “north of several billion dollars” every year. At this point, Mr. Antonio said he may take the company public in the United States, the United Kingdom, or Singapore.
Asked whether he thinks the company is expanding too fast, Mr. Antonio replied: “I’m expanding fast enough, in fact.”
“Expediency is integral and I always say my biggest weakness which is actually my biggest strength as well, is my impatience. I like to see things in a jiffy,” the young executive said.
Founded in 2015, Revolution Precrafted is a property-technology start-up that has since achieved unicorn status. A unicorn is a privately held start-up that has reached a valuation of more than $1 billion. —