Supriya Ghosh (Editor)

Philippine National Construction Corporation

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Number of employees
  
unknown

Headquarters
  
Parañaque, Philippines

Type of business
  
Public company (PSE:)

Website
  
PNCC DTI

Founded
  
1966, Manila, Philippines


Industry
  
Construction and civil engineering

Key people
  
Gregory L. Domingo, DTI Secretary Arthur N. Aguilar, Chairman Atty. Luis F. Sison, President & CEO

Products
  
Architecture services Engineering services Infrastructure development Toll road management

Net income
  
PHP-2.019 billion (2005) [1]

Subsidiaries
  
DasmariÑas Industrial & Steelworks Corp.

The Philippine National Construction Corporation (PSE: PNC) or PNCC is a majority government-owned and/or controlled corporation (GOCC) in the Philippines. It is the largest construction company in the Philippines and in Southeast Asia.

Contents

It is usually tasked with major construction works, especially in the field of infrastructure. The PNCC has extensive operations in the Philippines, and has also been involved in projects and has or had operations in various other countries, notably in Saudi Arabia, Iraq, Hong Kong, Malaysia and Indonesia.

History

The PNCC was established in 1966 by virtue of an Executive Order during the administration of the late President Ferdinand Marcos as the Construction and Development Corporation of the Philippines (CDCP). It was granted a fifty-year franchise to commission and perform construction works throughout the Philippines.

In 1977, Presidential Decree No. 1113 was issued, granting the CDCP a thirty-year franchise to operate and maintain the various limited-access toll highways in the Philippines. The CDCP changed its name to its present name in 1983 after the infusion of additional equity from the government since 1981. The PNCC is now under the full supervision of the Office of the Secretary of the Department of Trade and Industry by virtue of the Executive Order 331, issued last July 16, 2004. [2]

Projects

The PNCC has been involved in various projects over the years. Some of its most famous projects were 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.

Ownership

  • Government of the Philippines: 49%
  • Government Service Insurance System: 29.35%
  • Universal Holdings Corporation: 15.32%
  • Others (includes public stock): 6.33%
  • Subsidiaries

    PNCC is divided into the following subsidiaries:

  • Dasmariñas Industrial and Steelworks Corporation
  • Traffic Control Products Corporation
  • South Metro Manila Skyway Project
  • Manila North Tollways Corporation
  • South Luzon Tollway Corporation
  • References

    Philippine National Construction Corporation Wikipedia


    Similar Topics