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Cirtek integrates ESG principles

Iris Gonzales (The Philippine Star) - April 11, 2021 - 12:00am

MANILA, Philippines — Cirtek Holdings Philippines Corp. recently unveiled its blueprint for embracing environmental, social and good governance principles amid increasing consciousness of companies to integrate ESG principles in the ways of doing business.

“We believe that these ESG programs amplify Cirtek’s core values of excellence, integrity, innovation and sustainability,” Cirtek vice chairman Jorge Aguilar said.

One of the company’s programs is the utilization of a vacant lot into a vegetable garden.

“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,” Cirtek said.

For the social responsibility aspect, Cirtek said it would provide vaccines to its employees.

Cirtek’s top management has facilitated the reservation of vaccines by tying up with a leading pharmaceutical company that cooperates with the appropriate government agencies and ordering of adequate number of vaccines.

Cirtek believes that 2021 will translate to increased growth in the semiconductor and wireless, broad band business segments of Cirtek.

The company attributes this to the shortage of semiconductor chips worldwide, the positive outlook of the end of the pandemic crisis and the return of customer demand on various commodities including electronics parts for automotive application.

Cirtek’s telecom business is also expected to grow this year as new 5G-model antennas of Quintel start to roll out before the end of the fourth quarter.

“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,” Cirtek said.

Cirtek is primarily engaged in the design, development and delivery of the wireless industry’s antenna solutions; manufacture of valued-added, highly integrated technology products; manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services.

CIRTEK HOLDINGS PHILIPPINES CORP.
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