MRC Allied Inc.
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| Public (:MRC) | |
| Founded | Manila, Philippines (1977) |
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Key people
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Atty.Gladys N. Nalda (Chairman/President) |
| Website | http://mrcallied.com/ |
Atty.Gladys N. Nalda (Chairman/President)
MRC Allied Inc. (MRC) is a property development firm in the Philippines. It is a publicly listed property development firm which has a position in the development of master planned, integrated residential, commercial, recreational, tourism and industrial areas within a single community or township.
MRC Allied, Inc. (MRC) is the first publicly listed property development firm in the Philippines which has found its niche in development of master planned, integrated residential, commercial, recreational, tourism and industrial areas within a single community or township.
Incorporated on November 20, 1990 and formerly known as Makilala Rubber Corporation, the activities of MRC have been primarily on processing and export of baled natural rubber. In 1993, MRC diversified into a real property development firm, more particularly, into township development. The Securities & Exchange Commission (SEC) approved the change of name of Makilala Rubber Corporation to MRC Allied Industries, Inc. in October 25, 1994.
In 1995, MRC listed its entire 500 million shares in the Philippine Stock Exchange (PSE) with an initial public offering share price of three pesos (P3.00) per share. MRC decided to divest its rubber business to Makrubber Corporation in 1997, its wholly owned subsidiary, to focus on its core business - real property development. Makrubber had to stop its operations in 2000 due to the Land Reform Program and the peace and order problems in North Cotabato.
Since 2000, MRC has continued and maintained its two eco-friendly projects: the New Cebu Township One (NCTO) of Naga, Cebu; and Amihan Woodlands Township (AWT) of Northern Leyte.
In 2010, MRC has ventured into the mining exploration industry acquiring various mining assets located in the provinces of Davao del Sur, Sultan Kudarat, Surigao del Sur, and Davao Oriental.
In 2015, MRC decided to diversify its portfolio and revealed its plan to venture into the renewable energy sector through the a newly created subsidiary Menlo Renewable Energy Corporation and is set to implement its very first renewable energy project – the 60MW Solar Project in Naga City, Cebu.
Property Development
The Company has two land banks consisting of 160 hectare industrial estate in Naga City, Cebu known as the New Cebu Township One (NCTO) and 700 hectares of raw land in San Isidro Municipality, Leyte known as Amihan Woodlands Township (AWT).
Both parcels of land are registered with the Philippine Economic Zone Authority (PEZA). Based on the latest appraisal, the properties have a fair market value of Php1.5 billion.
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Wikipedia