Marking 100 years, NDC gears up towards high-impact projects

National Development Co., the government’s investment arm, is looking at high impact projects where it continues to act as an enabler and support provider to local enterprises.

NDC General Manager Ma. Lourdes Rebueno said as the company just celebrated its centenary.

Rebueno said they they will continue to act as an enabler this time towards new technology-incubation, global competitiveness endeavors, renewable energy generation, addressing supply chain gaps, micro, small and medium enterprises and urban/rural development, providing support to local economies.

Its projects in the pipeline include the Multi-purpose Gamma Irradiation Facility, the expansion of the World Trade Center Metro Manila, the Davao Food Complex in Toril, Davao, the NDC Industrial Estate in Dasmarinas, Cavite, the solar hybrid system project initially targeted to be located in Palawan and the

venture fund for start-ups.

NDC is, likewise, working in parallel with and is supportive of the investment priority plans of the Department of Trade and Industry, specifically in the Leyte Ecological Industrial Zone.

The company has and will continue to champion socio-economic programs through projects in greenfield areas generating employment and raising income towards the upliftment of the dignity of the Filipinos, Rebueno said.

The NDC celebration held at PICC was an opportunity for NDC to showcase its evolution from 1919 to 2019, from its first subsidiary, the Cebu Portland Cement Company incorporated in 1921 to its most recent investment in Rizal Mini Hydro Power Project.

DTI Secretary Lopez cited NDC’s rich history and commended the company for its contribution to the current economic progress that the country is experiencing now.

Through its 100 years of existence, NDC took the role of a catalyst in the country’s economic development, undertaking diverse projects, from inception, to nurturing, to privatization. These include industrial projects in the form of the National Steel Corporation, Philippine Phosphate Fertilizer Corporation, Philippine Associated Smelting and Refining Corporation, agricultural plantations through the NDC-Guthrie Plantations, Inc. and NDC-Guthrie Estates, Inc., transport with the Philippine Airlines, National Shipping Corporation and ocean-going vessels.

Likewise, NDC was the Philippine corporate representative in the Asean Joint Venture Projects in Malaysia, Indonesia and Thailand.

After focusing on privatization during the Aquino administration, NDC reverted on its cycle of investments with the likes of the very successful First Cavite Industrial Estate, Inc., Manila Exposition Complex, Inc., Science Park of the Philippines, Inc., San Carlos Bio-ethanol, Inc., Philippine Mining Development Corporation, Philippine Pharma Procurement, Inc., NDC Philippine Infrastructure Corporation, Alabang-Sto. Tomas Development, Inc.