Cirtek expects growth in all business segments this year
Laguna-based Cirtek Holdings Corp. said it sees growth in the semiconductor and wireless broadband business segments this year, fueled by the shortage of semiconductor chips worldwide.
The company said the growth this year will also come from the possible end of the Covid-19 pandemic and the rise in consumer demand for various commodities including electronics parts for automotive application.
The telecom business of Cirtek may also grow this year as new 5G-model antennas of Quintel will start to roll out before the end of the 2021. Cirtek’s business projections take a higher turn with significant increase of orders from majority of its customers, it said.
“With this positive improvement of the business, Cirtek is hiring additional people to augment its current work force. This development thus gives assurance of continued employment as opposed to what the other business sectors are unfortunately experiencing,” the company said.
Cirtek’s board has also approved several programs to demonstrate its adherence to environmental, social and good governance (ESG) principles.
“We believe that these ESG programs amplify Cirtek’s core values of excellence, integrity, innovation and sustainability,” Cirtek Vice Chairman Jorge Aguilar said.
To jumpstart its program, Cirtek turned its idle lot at the back of its office into a garden. The program was launched on March 19, with the participation of the employees of Cirtek and its subsidiaries spearheaded by the Environment, Health and Safety Committee of the employees of the Cirtek Group.
The group does not intend to profit from this endeavor, but much more so on being able to contribute to the improvement of the environment, the company said.
Cirtek also has facilitated the reservation of vaccines against Covid-19 by tying up with a leading pharmaceutical company that cooperates with the appropriate government agencies and the ordering of an adequate number of vaccines. This move was welcomed by Cirtek ’s employees who desire to be vaccinated at the soonest possible time, the company said.
The vaccination program became part of its program to ensure the good health of its employees and to help hasten the achievement of herd immunity against the coronavirus.