 | |
| Industry | Construction |
|---|---|
| Founded | March 1966 |
| Founders | Emerson and Edison Coseteng |
| Headquarters | , |
Key people | Jakkrit Suwansilp (President) |
| Products | Ceramic tiles |
| Website | www |
| Footnotes /references [1] [2] [3] | |
Mariwasa Siam Ceramics, Inc., more commonly known as Mariwasa (stylized as MARIWASA) is a Philippine tile manufacturing company based in Taguig, Metro Manila, Philippines. Its main plant is situated in Santo Tomas, Batangas. [2]
Mariwasa was established in March 1966 [1] by the brothers Emerson and Edison Coseteng [4] and was originally incorporated as the Mariwasa Manufacturing, Inc. (MMI) [5] with its name derived from the Filipino word for "prosperous". [6] It grew to become a major player in the tile industry in the Philippines with Mariwasa exporting some of its products to Hong Kong and the United States. [7]
Mariwasa went public in the Philippine Stock Exchange (PSE) in 1991 which led to the partnership of MMI with Thai firm Siam Cement Group (SCG). The two firms created a joint venture Mariwasa Siam Ceramics, Inc. which was made a subsidiary of MMI. By 1997, it was producing 12,000 square metres (130,000 sq ft) of tiles daily from 1,200 square metres (13,000 sq ft) of daily tile production in its first year of operation. [6] It also opened a modern manufacturing plant in Batangas in the same year. [8]
However starting 1998, the company experienced a financial crisis, registering an average of millions of pesos in net loss for the next few years. Mariwasa stopped trading in the stock exchange in December 1999, decided to close its main tile manufacturing plant in 2001 in Rosario, Pasig, [7] and defaulted in 2003. Mariwas took a $14.5 million loan from the International Finance Corporation in 1999 as part of a restructuring of Mariwasa's financing and operations. [8]
As of 2019, Mariwasa and Formosa Ceramic Tiles Manufacturing Corp. are the two main manufacturing firms involved in the Philippines' tile industry. [9]
The South Luzon Expressway, formerly known as the South Superhighway (SSH), Manila South Diversion Road (MSDR), and Manila South Expressway (MSEx), is a network of two expressways that connects Metro Manila to the provinces of the Calabarzon region in the Philippines. The first expressway is the Skyway, operated jointly by the Skyway Operation and Management Corporation (SOMCO) and Citra Metro Manila Tollways Corporation (CMMTC). The second expressway, the South Luzon Tollway or Alabang–Calamba–Santo Tomas Expressway (ACTEx), is jointly operated by the South Luzon Tollway Corporation, a joint venture of the Philippine National Construction Corporation and the San Miguel Corporation-backed PT Citra Marga Nusaphala Persada Tbk group of Indonesia via the Manila Toll Expressway Systems, Inc. (MATES).
The Manila Electric Company, also known as Meralco, is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 22 cities and 89 municipalities, including the whole of the National Capital Region and the exurbs that form Mega Manila.
Ford Motor Company Philippines, Inc. (FMCPI) is a Philippine-based subsidiary of Ford Motor Company. It was primarily focused on manufacturing automobiles for local and regional markets from 1998 until 2012. It built the Ford Escape, Ford Laser, Ford Lynx, Ford Focus, Mazda3, and Mazda Tribute for the Philippines, Thailand, Indonesia, Singapore, Malaysia and Vietnam. Since 2012, Ford Philippines imports the vehicles it sells to the Philippine market. These imports come mostly from Thailand and the United States.
Santo Tomas, officially the City of Santo Tomas, is a 1st class component city in the province of Batangas, Philippines. According to the 2015 census, it has a population of 179,844 people.
Universal Robina Corporation (URC) is one of the largest food and beverage companies in the Philippines. It is based in Quezon City, and has production sites in China, Myanmar, Thailand, Vietnam, Malaysia and Indonesia, exclusive distributor presence in Laos and Cambodia, as well as sales offices in Hong Kong and Singapore.
The Rizal Commercial Banking Corporation (RCBC) was established in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking. It is one of the largest universal banks in the Philippines with total consolidated resources of Php 771.3 billion as of end-2019.
López Holdings Corporation is a Filipino conglomerate founded by the brothers Eugenio López, Sr. and Fernando López, Sr. It has substantial holdings in the public service and utilities sector in the Philippines and serves as the López family's publicly listed holding company for investments in major development sectors such as broadcasting and cable; telecommunications; power generation and distribution; manufacturing; and property development. It added to its portfolio investments in other basic service sectors but has also since sold its interest in banking, toll roads, information technology, and health care delivery.
CoorsTek, Inc. is a privately owned manufacturer of technical ceramics for aerospace, automotive, chemical, electronics, medical, metallurgical, oil and gas, semiconductor and many other industries. CoorsTek headquarters and primary factories are located in Golden, Colorado, USA, near the foothills west of Denver. The company is wholly owned by Keystone Holdings LLC, a trust of the Coors family. John K. Coors, a great-grandson of founder and brewing magnate Adolph Coors, Sr., and the fifth and youngest son of longtime chairman and president Joseph Coors, retired as president and chairman in January 2020 after 22 years at the helm.
The Batangas State University is a Level IV state university in the province of Batangas, Philippines. Established as a manual training school in 1903, Batangas State University is the oldest higher education institution in the country's CALABARZON Region. It was converted into a state college in 1968 through RA 5270, and was renamed Pablo Borbon Memorial Institute of Technology. It was finally elevated into a state university in 2001 by virtue of RA 9045. It has 11 campuses and more than 35,000 students enrolled in over 110 undergraduate and graduate degree programs.
Coffee production in the Philippines began as early as 1740 when the Spanish introduced coffee in the islands. It was once a major industry in the Philippines, which 200 years ago was the fourth largest coffee producing nation.
First Philippine Holdings Corporation (FPH) is a management and investment company whose major business is power generation and distribution, with strategic initiatives in manufacturing and property development. FPH is a member of the Lopez Group of Companies.
Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines.
Gladding, McBean is a ceramics company located in Lincoln, California. It is one of the oldest companies in California, a pioneer in ceramics technology, and a company which has "contributed immeasurably" to the state's industrialization. During the heyday of architectural terra cotta, the company "dominated the industry in California and the Far West."
Jollibee Foods Corporation is a Filipino multinational company based in Pasig, Philippines. JFC is the owner of the fast food brand Jollibee.
BusinessWorld is a business newspaper in the Philippines with a nationwide circulation of more than 117,000. Founded in 1967 as Business Day, it is Southeast Asia's first daily business newspaper.
The ceramics industry is a growing manufacturing sector in Bangladesh. The industry started during the late 1950s when the first ceramic industrial plants were established. The industry mainly produces tableware, sanitaryware and tiles. As of 2011, there were 21 ceramic industrial units throughout Bangladesh, employing about 500,000 people. In the first nine months of the 2013-14 fiscal year, Bangladesh exported about US$36 million worth of goods after meeting 80% of the domestic demand. The main export destinations are the EU, the US and the Middle- ast.
Pepsi-Cola Products Philippines, Inc. (PCPPI) is a Philippines-based company engaged in the bottling and distribution of PepsiCo beverages in the Philippines since 1989.
Archipelago Philippine Ferries Corporation (APFC) is a ferry company based in Muntinlupa, Metro Manila, Philippines. It serves passenger and cargo routes serving select seaports in the Philippines with its fleet of catamaran Roll-on/Roll-off (RoRo) ferries. It also operates ports and terminals.
The eruption of Taal Volcano in Batangas, Philippines on January 12, 2020, was a phreatomagmatic eruption from its main crater that spewed ashes across Calabarzon, Metro Manila, and some parts of Central Luzon and Ilocos Region, resulting in the suspension of school classes, work schedules, and flights in the area. The Philippine Institute of Volcanology and Seismology (PHIVOLCS) subsequently issued an Alert Level 4, indicating "that a hazardous explosive eruption is possible within hours to days."