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WE
DELIVER !
We build infrastructure for socio-economic development. We
provide quality construction and tollways management services,
guided by the values of excellence, professionalism and dynamism.
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NEWS
ADVISORY |
PNCC
at 43 :
Pursuing
continual improvement |
PNCC
president and chief executive officer
Ma. Theresa T. Defensor |
The
Philippine economy has not stopped growing. This is
evident with the high-rise buildings and other construction
edifices dotting the metropolis and other key cities
across the nation.
Behind the major infrastructure networks in the country
is the Philippine National Construction (PNCC). Forty-two
years after carving its name in the infrastructure
industry here and abroad, PNCC has not stopped to
grow, and to improve itself while it is growing. Today,
it has even made "pursuing continual improvement"
its motto as it celebrates its 42nd Faoundation Day.
This is consistent with the objective of the quality
management systems worldwide. It is not a wonder that
through all these years, PNCC has matured into
a diversified construction and engineering company
that has developed into a major partner of the government
in its economic development objectives.
PNCC's
beginnings
PNCC
was originally incorporated under the name Construction
Development of the Philippines (CDCP) on November
22, 1966. Its business enterprise included construction,
planning and engineering; urban development; materials
processing; manufacturing; expressway development
and operations; equipment leasing; trading; agriculture;
transportation; mining; hostelry; and insurance. To
reflect the enormity of the equity investement of
the national government in the company, it was named
Philippine National Construction Corporation in February
23, 1983.
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The company's scope of services in a wide array
of construction and engineering works and phases,
has even expanded since then, to include all project
stages -- from feasibility studies, designs and
detailed engineering, procurement, construction
and project management, concrete pre-casting, steel
fabrication, materials processing and equipment
rebuilding have become a part of PNCC service offerings.
Not only that, it has engaged in tollway operations
and management; and has entered into joint ventures
with domestic or foreign entities, to undertake
projects in line with its purposes; as well as purchase,
sell, own, hold and develop claims and properties,
agricultural and real estate development.
Manned
by a pool of competent leaders and manpower --with
proven core competencies and expetise in engineering
and construction -- the company's business is now
focused on expressway development and operations.
It is complemented by its two operating subsidiaries
that works construction, steel fabrication, general
services and traffic control services or devices.
Click
here for more details
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PNCC'S Performance Report for the period 2001 - 2010
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The
Objective of the Report
The
past nine (9) years of PNCC corporate existence has
been marked by many significant changes in its financial
health and business operations. The Board and Management
of PNCC prepared this short report to provide its shareholders
a better appreciation of the Company since its inception,
the efforts made by the current Board Members and Officers
during their watch, the current state of the Company,
as well as the proposed directions for PNCC.
From
CDCP to PNCC: Period 1966 to 2000
The
Company was originally incorporated on November 22,
1966 under the name of Construction Development Corporation
of the Philippines (CDCP) with the primary purpose of
undertaking general contracting and other services and
products related to construction in a manner that will
contribute to the economic development of the country.
CDCP
now PNCC, rose to be one of the country’s foremost
construction company with extensive operations in the
Philippines, in the Middle East and other ASEAN countries.
The Company is credited with major projects such as
the San Juanico Bridge, the Metro Manila Skyway, North
and South Luzon Expressways, the Manila Light Rail Transit
System, the Manila-Cavite Expressway and Bay City.
Some
of the major events that shaped the Company are:
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March
31, 1977
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PD
1113 was issued granting CDCP the 30 year franchise
to construct, operate and maintain toll facilities
in North and South Luzon Tollways and Metro Manila
Expressway. (PD 1113 was amended by PD 1894 issued
on 22 December 1983).
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February
23, 1983
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LOI
1295 was issued directing Government Financial Institutions
(GFI’s) to convert their guaranteed obligations
into equity in CDCP. The compliance by the GFI’s
albeit partial resulted in a majority share holdings
of the National Government in PNCC equivalent to
76.5%.
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April
25, 1983
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CDCP
name was changed to PNCC (Philippine National Construction
Corporation) and inherited all outstanding debts
of CDCP.
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December
22, 1983
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PD
1894 amended PD 1113 by providing for the construction
and operation of a Metro Manila Expressway.
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