MRC Allied

MRC Allied, Inc. is a Philippine property development company whose core concept is the creation of integrated, master-planned communities combining residential, commercial, industrial, tourism, recreational and infrastructure uses. The company is associated with large landholdings and township projects rather than with a consumer-facing product brand. Its principal property initiatives are New Cebu Township One in Naga City, Cebu, and Amihan Woodlands Township in San Isidro, Leyte. The company was incorporated on November 20, 1990, as Makilala Rubber Corporation. Its original business involved processing and exporting baled natural rubber. In 1993, it began diversifying into real-estate development, with a particular emphasis on township-scale projects. The Philippine Securities and Exchange Commission approved the change of name to MRC Allied Industries, Inc. in October 1994. In 1995, the company listed its shares on the Philippine Stock Exchange through an initial public offering. MRC later transferred its rubber activities to its wholly owned subsidiary Makrubber Corporation in 1997, allowing the listed parent to concentrate on property development. Makrubber ceased operating in 2000 amid the effects of land-reform implementation and security problems in North Cotabato. MRC's flagship property, New Cebu Township One, is a planned economic zone in Naga City, Cebu. The project was designed as a mixed-use community incorporating light industry, processing, housing, commercial facilities and recreation. It was registered with the Philippine Economic Zone Authority and was intended to attract industrial locators as well as supporting residential and commercial uses. Companies identified in connection with the project include Kinseki, Seagate Technology, Air Liquide and AP Precisions Philippines. The project also became the proposed site of a solar-power facility intended to serve the Visayas grid or consumers in and around southern Cebu. Amihan Woodlands Township in Leyte is a much larger, environmentally oriented development concept. Its plans have included eco-residential and eco-tourism uses, mixed-use districts, industrial facilities, resorts, hotels, condominiums, golf facilities, transport infrastructure and protected natural areas. The property includes forest, mangrove, beach and marine environments intended to form part of the project's conservation and open-space framework. Development was adversely affected by the 1997 Asian financial crisis, and the available reference material states that substantial development had not taken place because of the company's financial condition. During the 2010s, MRC expanded beyond property development into mining exploration, acquiring or assembling mineral assets in Mindanao and other Philippine areas. These included copper-gold and gold prospects in Tampakan, Surigao, Davao and Boston-Cateel. The company subsequently pursued renewable energy through Menlo Renewable Energy Corporation and affiliated entities. Proposed projects included a solar facility in Naga City, Cebu and a larger project associated with Clark Green City in Central Luzon. In March 2022, MRC sold several mining projects to Salvador Zamora, according to the cited reference material. This transaction represented a retreat from the mining portfolio and helped distinguish the company's property and renewable-energy interests from its earlier resource-exploration strategy. MRC Allied is therefore best understood as a Philippine listed development company with a township-centered identity. Its business scope has changed over time—from rubber processing, to property development, to mining exploration and renewable-energy proposals—while its principal long-term platform has remained the development or monetization of large land assets and integrated economic communities.

MRC Allied was incorporated in the Philippines on November 20, 1990, under the name Makilala Rubber Corporation. Its initial business was the processing and export of baled natural rubber. The company began a strategic transition in 1993 when it diversified into real-estate development, particularly the development of large, integrated townships rather than isolated buildings or subdivisions. The corporate transition was formalized in 1994. On October 25 of that year, the Philippine Securities and Exchange Commission approved the change of name from Makilala Rubber Corporation to MRC Allied Industries, Inc. The company subsequently entered the Philippine capital market. In 1995, it listed its shares on the Philippine Stock Exchange through an initial public offering involving its outstanding share capital. MRC separated its original rubber operations from the listed parent in 1997 by transferring the business to Makrubber Corporation, a wholly owned subsidiary. Makrubber eventually stopped operating in 2000. The reference material attributes the closure to the effects of the Philippine land-reform program and peace-and-order difficulties in North Cotabato. After the exit from rubber, property development became the central identity of MRC Allied. The company's principal real-estate assets were assembled around two township concepts. New Cebu Township One was planned in Naga City, Cebu, as a Philippine Economic Zone Authority-registered special economic zone. The master plan, associated with Jurong Town Corporation, contemplated a combination of light industry, processing facilities, housing, retail and commercial uses, and recreational areas. The project was designed to function as an integrated community and employment center rather than simply as an industrial estate. Industrial locators associated with the development included Kinseki, Seagate Technology, Air Liquide and AP Precisions Philippines. The second major asset was Amihan Woodlands Township in San Isidro, Leyte. The project was conceived as an eco-residential and eco-tourism community with commercial, recreational and industrial components. Plans described protected forest and mangrove areas, beaches and marine preserves, residential districts, resorts, hotels, condominiums, golf facilities and transport infrastructure including port and airport concepts. The 1997 Asian financial crisis weakened the project's prospects, and the available account states that major development did not proceed. From 2000 onward, MRC continued to maintain its two principal eco-friendly township initiatives while exploring ways to diversify its asset base. In 2010, the company entered mining exploration and acquired interests or assets in several Philippine mineral areas. Its portfolio included the Tampakan copper-gold project, the Marihatag copper-gold project in Surigao del Sur, the Paquibato project in Davao and the Boston-Cateel gold project in Davao Oriental. These projects expanded MRC's exposure from land development into mineral-resource exploration, particularly in Mindanao. MRC subsequently began pursuing renewable energy. In 2015, it announced a diversification program centered on Menlo Renewable Energy Corporation. The proposed pipeline included a solar project within the company's Naga City property in Cebu and a separate solar development associated with Clark Green City in Tarlac. The projects were presented as potential sources of electricity for regional grids, economic-zone locators and large commercial consumers. The available reference describes the Naga project as being in pre-development. On March 11, 2022, MRC sold four mining projects to Salvador Zamora: the Tampakan and Marihatag copper-gold projects, the Boston-Cateel project and the Paquibato project. The sale reduced the prominence of mining in the company's portfolio. MRC Allied's documented trajectory consequently runs from rubber processing, through listed property development and township planning, to mining exploration and renewable-energy proposals. Its enduring strategic theme has been the development or repositioning of large Philippine land assets into integrated economic, residential, industrial or tourism communities.

• 2022

  Mining portfolio sold

  [1]MRC Allieden.wikipedia.org

  MRC sold four mining projects to Salvador Zamora on March 11, 2022, according to the cited reference.

• 2015

  Renewable-energy diversification announced

  [1]MRC Allieden.wikipedia.org

  MRC announced renewable-energy plans through Menlo Renewable Energy Corporation, including a proposed solar project in Naga City, Cebu.

• 2010

  Entry into mining exploration

  [1]MRC Allieden.wikipedia.org

  MRC expanded into mining exploration through assets in Davao del Sur, Sultan Kudarat, Surigao del Sur and Davao Oriental.

• 2000

  Makrubber operations ceased

  [1]MRC Allieden.wikipedia.org

  The rubber subsidiary stopped operating amid land-reform effects and peace-and-order problems in North Cotabato.

• 1997

  Rubber business transferred to Makrubber

  [1]MRC Allieden.wikipedia.org

  The company divested its rubber operations to its wholly owned subsidiary Makrubber Corporation and concentrated on property development.

• 1995

  Philippine Stock Exchange listing

  [1]MRC Allieden.wikipedia.org

  MRC listed its shares on the Philippine Stock Exchange through an initial public offering.

• 1994

  Corporate name changed

  [1]MRC Allieden.wikipedia.org

  The Philippine Securities and Exchange Commission approved the change from Makilala Rubber Corporation to MRC Allied Industries, Inc. on October 25.

• 1993

  Diversification into property development

  [1]MRC Allieden.wikipedia.org

  MRC began moving into real-estate development, focusing on large-scale integrated township projects.

• 1990

  Incorporation as Makilala Rubber Corporation

  [1]MRC Allieden.wikipedia.org

  The company was incorporated in the Philippines on November 20, 1990, with rubber processing and export as its original business.

A Philippine publicly listed developer positioned around large-scale, integrated township and economic-zone projects, with additional exposure to renewable energy and, historically, mineral exploration.

• Integrated township and economic zone

  New Cebu Township One

  New Cebu Township One is MRC Allied's major development concept in Naga City, Cebu. Planned with an integrated-community model, it combines light industrial and processing areas with residential, commercial and recreational uses. The project is registered with the Philippine Economic Zone Authority and was designed to attract industrial locators while supporting related housing and services. Companies identified in the project description include Kinseki, Seagate Technology, Air Liquide and AP Precisions Philippines. MRC also proposed locating a solar-power facility within the development.

• Eco-township and tourism development

  Amihan Woodlands Township

  Amihan Woodlands Township is a large land development concept in San Isidro, Leyte. Its plans combine eco-residential, tourism, commercial, recreational and light-industrial uses with protected natural areas. The concept includes forest and mangrove conservation areas, beaches and marine preserves, residential districts, resorts, hotels, condominiums, golf facilities and proposed transport infrastructure. The project was affected by the 1997 Asian financial crisis, and the reference material reports that major development had not proceeded.

• Solar power project · 2015

  Naga Solar Project

  The Naga Solar Project is a proposed solar-power facility within MRC Allied's Cebu property, pursued principally through Menlo Renewable Energy Corporation. The project was described as capable of supplying the Visayas grid or serving large electricity consumers in and around southern Cebu. The cited material identifies the project as being in pre-development.

• Solar power project

  Clark Solar Project

  The Clark Solar Project was proposed as a large solar facility inside Clark Green City in Tarlac. The initiative involved Menlo Renewable Energy Corporation, Sunray Power and the Bases Conversion and Development Authority, and was intended to supply power to locators in the planned development. The available material describes it as a proposed partnership project rather than an operating facility.

• 2022

  Sale of mining projects to Salvador ZamoraM&A

  Background

  MRC held several mining exploration projects across Mindanao, including copper-gold and gold prospects.

  Action taken

  On March 11, MRC sold the Tampakan, Marihatag, Boston-Cateel and Paquibato projects to Salvador Zamora.

  Aftermath

  The transaction reduced MRC Allied's mining exposure and left property development and renewable-energy initiatives as the more prominent documented strategic areas.

  Source

• 2015

  Renewable-energy diversificationStrategy

  Background

  MRC sought additional uses for its land assets and identified renewable energy as a new business area.

  Action taken

  It established or used Menlo Renewable Energy Corporation and proposed solar projects in Naga City and Clark Green City.

  Aftermath

  The cited material records the projects as proposals or pre-development initiatives rather than completed operating assets.

  Source

• 2010

  Expansion into mining explorationStrategy

  Background

  MRC cited mineral-resource opportunities and favorable long-term interest in metals as reasons to broaden its business portfolio.

  Action taken

  The company acquired or assembled mining exploration assets in several Philippine provinces.

  Aftermath

  The portfolio included copper-gold and gold prospects in Tampakan, Surigao, Davao and Boston-Cateel, although the projects were later sold.

  Source

• 1997

  Exit from direct rubber operationsStrategy

  Background

  After diversifying into property development, MRC chose to separate its original rubber business from the listed parent.

  Action taken

  The rubber activities were transferred to wholly owned subsidiary Makrubber Corporation.

  Aftermath

  Makrubber later ceased operations in 2000, while MRC continued primarily as a property-development company.

  Source

• 1993

  Diversification from rubber into township developmentStrategy

  Background

  MRC had originally operated as a rubber processor and exporter under the Makilala Rubber Corporation name.

  Action taken

  The company entered real-estate development and adopted integrated township development as its principal growth direction.

  Aftermath

  The move established property development as the company's central business and led to projects such as New Cebu Township One and Amihan Woodlands Township.

  Source

• 2022

  MRC Allied sells several Philippine mining projects[1]MRC Allieden.wikipedia.org

  M&A

  MRC Allied sold its Tampakan, Marihatag, Boston-Cateel and Paquibato mining projects to Salvador Zamora, according to the reference material.

1. 1MRC Allieden.wikipedia.org
2. 2MRC Allied opens new Luzon solar planttribune.net.ph