The Philippines

November 05, 2014

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Decade of remarkable growth rewards Filipino mining leader

Delta Earthmoving scoops up more market share every year.

Delta Earthmoving, a Filipino-owned company incorporated in 2003, has just posted a decade of remarkable growth — landing comfortably in the country’s Top 1,000 Corporations list in the last three years. Its humble beginnings belie its current status as a dominant player in the Philippines’ quarry, metal mine contracting and earthmoving sector.

“We started back then with a small operation, but also a clear directional vision — coupled with an acute awareness of the industry’s potential risks and opportunities and the toughness of our competition,” notes Sam Omengan, Delta Earthmoving’s president and CEO. “However, we didn’t think it would happen this fast and this soon.”

Today, the company is 100 times bigger in terms of revenue, equipment and manpower, and its turnover has doubled every year in the last ten. “We continue to apply the same level of intensity in our expansion efforts, complemented with a cautious approach in evaluating each and every new step forward,” he adds. “Funding is critical in this business, so I am grateful for the strong partnerships we have established with banks and equipment suppliers.”

“With our exposure to multinational operating and safety standards, equipped with the necessary technical competence and financial capability, we are in the best position to take on bigger projects and lead our industry,” Omengan says.

He highlights the contribution of Maxima Machineries, the Komatsu dealer in the Philippines, as well as Sumitomo Trading, Marubeni and Bank of Tokyo Leasing for playing vital roles in Delta Earthmoving’s success: “In the early stages, it was Sumitomo Trading and Marubeni that helped us by providing a credit facility to cover the purchase of brand-new Japanmade equipment. Recently, Bank of Tokyo Leasing in the Philippines, backed by its mother company in Japan, has also shown great confidence in Delta and covered a big chunk of our leasing requirements for our biggest metal mine project.”

"The Japanese need to look at the Philippines for mining ahead of other East Asian countries, as the opportunities are huge and the potential growth is massive."

SAM OMENGAN
Delta Earthmoving’s President and CEO

Omengan expresses his sincere appreciation for Japanese investors who are taking a more active and aggressive role in mining sector activities and other major infrastructure projects in the country, and concludes by calling for more such investment in the Philippines: “The Japanese need to look at the Philippines for mining ahead of other East Asian countries, as the opportunities are huge and the potential growth is massive.”

www.deltaearthmoving.com

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