MRC Allied, Inc. announced that at its Board of Directors meeting held on 07 March 2017, unanimously approved the resignation of Atty. Margareth R. Mendoza as member of the Board of Directors effective 06 March 2017 and approved election of Ms. Celia Chao as member of the Board of Directors effective 07 March 2017 vice Atty. Mendoza. Ms. Celia Chao is a member of the board of various multinational companies such as Yichang Technology (Taiwan), Power Silicon Semiconductors Inc. and Action Integrated Asia Corporation. Atty. Margareth Mendoza is still the Deputy Legal Counsel of the company.
MRC Allied, Inc. is a Philippines-based holding company. The Company, through Menlo Renewable Energy Corporation (MREN), operates 550 kilowatt-power (kWp) solar photovoltaic (PV) rooftop systems for a rice milling plant in Northern Luzon. It has a 15% ownership in Sulu Electric Power and Light (Philippines) Inc., which owns and operates a 50-megawatt solar project located in Palo, Leyte. The principal asset of the Company consists of two land banks. The first is a 160-hectare industrial estate in Naga City, Cebu and the second consists of 700 hectares of raw land in San Isidro Municipality, Leyte, known as Amihan Woodlands Township (AWT). Located thirty-five (35) kilometers away from the Mactan International Airport, the industrial estate in Naga City, known as the New Cebu Township One (NCTO). The Company's subsidiaries include MRC Tampakan Mining Corporation (MRC Tampakan), MRC Surigao Mines, Inc. (MRC Surigao) and Makrubber Corporation (Makrubber).