- Advertisement -
Thursday, July 9, 2020
Home Resource The Road to Profitability for the Philippines’ Aggregates Industry

The Road to Profitability for the Philippines’ Aggregates Industry

- Advertisement -

Construction aggregates are the most mined products worldwide. In the Philippines, a majority of quarrying establishments focus on extracting sand, crushed rocks, and gravel for the manufacturing of asphalt and concrete products.

These materials are indispensable, especially with the surge in construction projects across the country. But to supply the steadily growing demand for these products, firms must invest in equipment and technological improvements, beginning at the quarry site.

NEXT STORY: BUILDING YOUR FIRST RAINWATER-HARVESTING SYSTEM



ALSO READ: BENEFITS OF USING FACEBOOK FOR YOUR BUSINESS

Efficiency is the Name of the Game  

Due to their shallow, open-pit nature, quarries come with myriad environmental and operational challenges. The prolonged exposure of workers to the elements, plus the looming threat of floods and landslides, poses several risks and safety hazards. Add to that the pressure of keeping up with the government’s Build BuildBuild program and ensuring compliance with tightening regulations.

Given these challenges, many firms are forced to exhaust the machinery and manpower they have, which, in turn, lead to costly downtime and over-fatigue among workers. These not only create unsafe working conditions in already hostile terrain but could also significantly hurt the company’s bottom line.

It’s also a race against time because quarries can only legally run for a certain number of hours in a day and a certain number of days in a week. The aggregates industry must step up and adopt new technologies, machinery, and operational models to prevent shortages and sudden price increases.

ALSO READ: BEST PROJECT PLANNING APPS FOR ENTREPRENEURS

Powering the Modern Quarry: New Fleet and Integrated Systems

Powering the Modern Quarry

Limited operating hours and growing demand put a premium on uptime and efficiency. Upgrading units or replacing the fleet with a new one should be high on the list of priorities. This will help reduce mechanical issues and significantly improve a quarry’s yield, extraction speed, and overall efficiency, which then leads to profitability.

ALSO READ: 5 SIMPLE WAYS TO SAVE MONEY ON MARKETING

For instance, Volvo’s fleet of articulated excavators and haulers, available in over 40 Topspot Heavy Equipment service points across the country, prove to be essential in paving the way to higher yields and profits. Successful mining firms across the globe swear by these heavy-duty trucks for their performance in even the most demanding conditions and applications.

Upgrades in production plants are also crucial. Executives should invest in cutting-edge crushers and screening circuits to optimize process flow and productivity.

Sound water management for aggregate washing processes is also worth looking into. By adopting water-wise strategies, quarries can minimize their environmental impact and do their part in protecting surface and groundwater resources. Technologies like portable water clarifiers can immediately reclaim 90 percent of the water used to wash the aggregates and eliminate settling ponds.

Introducing data-driven technologies, like data collection and 3D modeling, are actions worth considering, as well. These improvements not only speed up the building aggregates supply chain but also keep firms far more productive and profitable in a more sustainable way.

ALSO READ: SMALL BUSINESS OPPORTUNITIES WORTH CHECKING OUT IN 2019

Aggregates may be interchangeable goods, but they are the raw materials for economic growth. With the country experiencing a surge in development, the industry must fully commit to it its efficiency goals to ensure the optimal use of the country’s quarry resources.

- Advertisement -

1 COMMENT

  1. Brain-computer interface (BCI) is a collaboration between a brain and a
    device that enables signals from the brain to direct some external activity,
    such as control of a cursor or a prosthetic limb.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Stay Connected

16,985FansLike
1,850FollowersFollow
2,458FollowersFollow

Must Read

Types Of Organizational Structure In Business

Organizational Structure: Know the 4 basic elements If you own a business, then you are the person responsible for everything, be it earning profits or...
- Advertisement -

What are the 3 types of financial statements?

The market crash in 1929 had witnessed enacting legislation with an objective to avoid another such disaster. Publicly traded companies are required to disclose...

What Are The Equity Shares Startup Founders

For a startup, equity is considered to be the lifeblood. There are various elements that need to be considered to develop a successful business...

Best Marketing Strategies for the Home-Based Business

Seven Key strategies to follow to market your Home-based business effectively If you are planning to launch a new business from your home, then it...

All Time Random Articles

Four Asteroids Are Flying Uncomfortably Close To Earth Today : NASA

Four asteroids came uncomfortably close to Earth Tuesday, according to NASA’s Asteroid and Comet Watch. Three of the asteroids won’t get within a million miles of...

Meet Vezeeta: The MENA startup that has reshaped the healthcare industry with technology

Vezeeta is the leading digital healthcare booking platform and practice management software in MENA and they are pioneering the shift to automated physician, clinic...

6 Ways to Improve the Social Media Strategy of Your Tutoring Business

There is no denying that the rise of social media forever changed the way we communicate and use the internet in general. From the...

Useful Presentation Tools for Startup

If you want to grow your startup company, you need to learn about how you can present your company to other people, including clients,...

How Could New Casinos Affect the Local Economy

There has been a lot of discussion concerning the casino's effect on society, and all the more critically on the economy. Over the previous...
- Advertisement -
Select Language »