Asian Terminals Inc. Boosts Investment with P2.7 Billion Capex for 2024

Asian Terminals Inc. (ATI), a prominent port operator in the Philippines, is set to increase its capital expenditures to P2.7 billion in 2024. This investment marks a significant rise from the P2.2 billion spent in 2023, underscoring ATI’s commitment to enhancing its facilities across Manila, Laguna, Batangas, and Cavite.

The planned capital expenditure will focus on expanding both seaside and landside operations, integrating modern and environmentally friendly equipment, and further developing its smart IT systems. These upgrades are aimed at bolstering ATI’s cargo handling and passenger services in anticipation of market growth following the relaxation of pandemic-related restrictions.

Additionally, ATI is exploring the development of smart cargo storage spaces and is considering the establishment of new port operations, both domestically and internationally, depending on market conditions. This strategic expansion is driven by ATI’s core philosophy of being port-centric and customer-focused, continually upgrading its infrastructure to serve as primary gateways for mega-Manila and Calabarzon.

The investment in 2023 included significant projects like the Batangas Passenger Terminal Phase 2 and the Cavite Barge Terminal, along with the acquisition of modern equipment and the implementation of advanced IT solutions. These initiatives have already begun to pay dividends, as evidenced by ATI’s reported 47% increase in net income to P4.4 billion and a 13.4% rise in revenues to P15.4 billion last year.

ATI’s efforts have not only led to financial growth but also an increase in operational efficiency. The company has seen a notable improvement in the handling of international containerized cargo and operations at the Batangas port, with respective revenue contributions growing by 12% and 38%.

As ATI continues to expand and modernize its facilities, it remains a vital component of the Philippines’ port infrastructure, ready to meet the increasing demands of maritime trade and transportation in the region.