Manila Water
The new logo used since 2013.
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| Private (: MWC) | |
| Founded | Quezon City, Philippines |
| Headquarters | Quezon City, Philippines |
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Key people
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Fernando Zobel de Ayala, Chairman Gerardo Ablaza, President and CEO |
| Products | Water Delivery Sewerage and Sanitation |
PHP3.23 billion ( 16%) (2009) [1]
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| Website | www.manilawater.com |
The Manila Water Company, Inc. is the sole provider of water and wastewater services to more than six million people in the East Zone of Metro Manila. It is a subsidiary of the country's oldest conglomerate Ayala Corporation in partnership with British and Japanese investors.
Incorporated on January 6, 1997, Manila Water, as it is more commonly known, commenced operations on January 1, 2000, and became a publicly listed company on March 18, 2005. It is the east concessionaire of Metropolitan Waterworks and Sewerage System during its privatization on August 1, 1997, with its counterpart Maynilad Water Services, Inc. as the west concessionaire. The 25-year water concession agreement inked with MWSS is expected to terminate in 2022.
Manila Water is a subsidiary of Ayala Corporation, the Philippines's oldest conglomerate, in partnership with British and Japanese investors. Incorporated on January 6, 1997, Manila Water started operations on January 1, 2000, and became a publicly listed company on March 18, 2005. Since the Metropolitan Waterworks and Sewerage System (MWSS) privatization on August 1, 1997, it is the east concessionaire and the Maynilad Water Services, Inc. the west concessionaire. The 25-year water concession agreement inked with MWSS is expected to terminate in 2022. On December 12, 2007, Bulacan and the Metropolitan Waterworks and Sewerage System (MWSS) signed an agreement for the development of a ₱11-billion bulk water supply project. It was reported that Manila Water would implement the project. MWSS and Manila Water would provide a financial package of an infrastructure grant, a P10-million development assistance and a ₱10-million royalty fee to the towns of Norzagaray and Doña Remedios Trinidad, which would host the water supply project.
In 2009, Manila Water acquired ownership of the company that supplies water to growth areas in Laguna, south of Manila. Through its wholly owned subsidiary AAA Water Corp (AWC), Manila Water gained a 70% stake in Laguna AAA Water Corp, a joint venture between the provincial government of Laguna and AWC. The joint venture company serves the cities of Santa Rosa, Biñan and Cabuyao, where several international businesses including Nestle, Ford, and Coca-Cola, and major industrial parks, are located.
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Wikipedia