BusinessMirror

Cirtek expects growth in all business segments this year

- By VG Cabuag @villygc

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.

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