Trust International Paper Corporation
 | |
| Industry | Pulp and paper |
|---|---|
| Founded | 1987 in Mabalacat, Philippines |
| Founders | Elon Ting Sylvia S. Y. Chen |
| Headquarters | , |
Area served | Worldwide |
| Products | Newsprint, recycled paper |
| Website | www |
Trust International Paper Corporation (TIPCO) is a Philippine pulp and paper company which is known for manufacturing newsprint, newsprint, printing and writing-grade paper from recycled materials.[1]
History
Trust International Paper Corporation was established in 1987 in Mabalacat, Pampanga by Elon Ting and Sylvia S. Y. Chen.[1]
In the early 2000s, its overseas markets included Singapore, Taiwan, Hong Kong, mainland China, Thailand, Malaysia, India and Hawaii in the United States.[2][3]
American-born Filipino Mayleen Ting, the daughter of the founders, took over TIPCO's management in 2008.[4]
TIPCO in 2014 sought government intervention in newsprint imports through safeguard measures that would impose higher duties on imported newsprint arguing the level of importation and price dumping is hurting the domestic industry.[5] The national government granted the safeguard measure but to a lesser extent than TIPCO proposed which led to the company deferring its investment plans.[6]
In 2014, TIPCO reportedly was the largest paper company in the Philippines, having an annual production capacity of 230,000 MT for paper-based products including newsprint and writing paper.[7]
In 2020, due to the government mandated temporary shutdown of all business, including manufacturing operations, during COVID-19 pandemic, TIPCO temporarily suspended its production. However, in 2020, the Group restructured and rebranded under TIPCO Group, Inc. to accommodate for its various operations and businesses.[8]
References
- 1 2 "Hong Kong jeweler, newsprint heiress, Spanish principal granted Phl citizenship". Senate of the Philippines. October 1, 2018. Retrieved February 19, 2021.
- ↑ "TIPCO, Taiwan firm tie up for co-generation project". The Philippine Star. April 18, 2020. Retrieved February 19, 2021.
- ↑ Go, Marianne (September 27, 2002). "Government OKs Tipco cogeneration power plant". The Philippine Star. Retrieved February 19, 2021.
- ↑ "House Bill: 7197: An Act of Granting Philippine Citizenship to Mayleen Ting" (PDF). House of Representatives of the Philippines. August 16, 2017. Retrieved February 19, 2021.
- ↑ Desiderio, Louella (March 10, 2014). "DTI to issue ruling on newsprint, galvanized iron importation". The Philippine Star. Retrieved February 19, 2021.
- ↑ Remo, Amy (November 10, 2016). "Tipco scales down investment plans". Philippine Daily Inquirer. Retrieved February 19, 2021.
- ↑ The Philippines In The Paper Global Value Chain (PDF). Duke University Center on Globalization, Governance and Competitiveness. May 2016. p. 33. Retrieved February 19, 2021.
- ↑ Charm, Neil (February 17, 2021). "Philippines' sole newsprint manufacturer halts operations". BusinessWorld. Retrieved February 19, 2021.