Precision Machinist Corporation (PREMACOR)

Everybody loves a success story. But few stories touch the heart of ordinary men as much as the story of Jose Morales.

How he built one of the finest precision engineering companies in Cebu is truly an inspiring narrative for every underprivileged soul who dreams big.

Born to destitution, life was lined with adversities for the young Morales.
He was forced to earn a living while studying in the city, taking whatever odd jobs he could find, to augment the meager family income.

The obstacles he had to face for several years would have broken the spirit of men made of weaker stuff. But life’s trials only made Morales more determined to overcome his poverty.

What made Jose Morales different from any cash strapped teenager was his unwavering belief that he would one day be financially independent. He also knew that knowledge was the key to reaching his goal.

After graduating from a metalworking course, Morales worked at an engineering and research company for nine years until he realized that he would be better-off managing his own business.

In 1980, armed with a few thousand pesos, he established the Precision Machinist Corporation (PREMACOR). He set-up his service shop in a small run-down house and serviced the machine parts needs of beverage, shipping and mining industries in Cebu for a few years.

PREMACOR was later incorporated in 1984 to become a high precision machine parts manufacturer that would service local and overseas customers.

He later acquired a foreign scholarship through the assistance of the Department of Trade and Industry Cebu Provincial Office. This immersed him for a year in a German factory and opened his eyes to future possibilities for his company.

German technology fascinated him. In the hands of German trainers, he developed a voracious appetite for knowledge on the latest trends in precision engineering.

Working at a foreign manufacturing plant provided him with hands-on knowledge on modern machineries to increase work productivity and allowed him to see the advantages in adopting a mindset attuned to market needs.


His later experiences working with Japanese clients molded him to be more flexible and quickly adjust to change. Sometime in 1987,

PREMACOR started servicing companies at the Mactan Economic Zone (MEZ). Today a huge share of PREMACOR revenues comes from servicing these companies.

Unlike most local suppliers, the high and exacting standards of MEZ companies never daunted Morales. Although in the beginning, he had to deal with several product rejects, he knew that MEZ companies were willing to teach him what he needed to learn.

A hands-on manager, he had no qualms about learning new things even at his age. In fact, Morales believes his company thrives on its openness to change, constant improvement and modern work methods.

Through the years, PREMACOR acquired the capability and know-how necessary to produce metal components within 5 micron accuracy, from ordinary heat treated tool steel or ferrotic to the most difficult to cut tungsten carbide.

Today, the company manufactures high-precision Plastic Injection Moulds, Vacuum Forming Moulds, Stamping Dies and Semicon Tooling Components. It operates a well-equipped air conditioned tool room.

Its workshop is stocked with the latest model, high-grade machinery made by some of the world’s best-known manufacturers, a number of which are capable of achieving single digit tolerances.

PREMACOR is now ISO certified, meaning that the company is up to par with international standards.

With its reputation for quality products and service, the company currently gets a lot of attention from foreign companies.

Recently, a foreign firm is planning to tie up with his company to service Asia.Jose Morales has not only achieved financial independence but also respect from international manufacturing firms.

Despite his success, he still remembers his beginnings and has a soft spot for the underprivileged members of society. He is presently employing metalworking graduates from Don Bosco Technical School and Center for Industrial Technology and Enterprise (CITE), making his factory a sort of finishing school for these young people before they leave for better opportunities outside the country.

Now enjoying financial stability, he advises Filipino families to embrace entrepreneurship as a means to improve their economic status. He believes that entrepreneurship is the answer to poverty alleviation and should be inculcated at a young age.

Starting a business does not entail a lot of money as proven by Jose Morales. A person only needs to specialize in a small area of the industry and make money out of it.

Morales showed that as soon as an entrepreneur makes a name for himself by providing a track record for good quality products and excellent service, he will attract bigger clients.

Not only has Morales proven that anyone can overcome poverty through entrepreneurship, but that supplying the needs of companies in Cebu’s economic zones is good business.


Company Profile
PRECISION MACHINIST CORPORATION (PREMACOR)

The company has been in existence since 1980, servicing at first the machine parts needs of the beverage, shipping and mining industries. PREMACOR was incorporated in 1984 to become a high precision machine parts manufacturer to service local and overseas customers.

In 1987, the company changed direction towards precision engineering and started servicing companies at the Mactan Economic Zone (formerly Mactan Export Processing Zone).

Through the years, PREMACOR has acquired the capability and know-how necessary to produce metal components within 5 micron accuracy, from ordinary heat treated toolsteel or ferrotic to the most difficult to cut tungsten carbide.

The company currently manufactures high precision Plastic Injection Moulds, Vacuum Forming Moulds, Stamping Dies and Semicon Tooling Components.

PREMACOR operates a well-equipped airconditioned tool room. Its workshop is stocked with the latest model, high-grade machinery made by some fo the world’s best-known manufacturer, a number of which are capable to achieve single digit tolerances.

PREMACOR’s best assets are the competent and highly trained men who are specialists in all machining disciplines and trained by foreign experts both locally and abroad. These dedicated workers provide the highest quality of service for each customer.

The vision of PREMACOR is to be at the forefront of the metalworking industry, maintaining updated and state-of-the-art machineries and equipment, run by competent, highly skilled and dedicated individuals with an intense desire to produce excellent services and goods.

Company Profile
PRECISION FORMING COPORATION (PREFORMING)PREFORMING is a SEC-registered company engaged in the manufacture of precision parts for automotive, semicon, computer and electronics industries.

The company was founded in 1998 purposely to cater to the automotive industry. Later on, PREFORMING expanded its horizon to cover other industries focusing on low-priced, high –quality products.

The company maintains a potent workforce of competent, highly skilled and trained individuals who recognize and understand customers’ needs and requirements. It has acquired a variety of press machines ranging from 2 tons to 100 tons.

From machine pressing, machining to packing every step in its processes is guided by one principle – maintain quality for total customer satisfaction.