Trust International Paper Corporation
| Industry | Pulp and paper |
|---|---|
| Founded | 1978 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 1978 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 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 lessened global demand caused by the COVID-19 pandemic, TIPCO suspended all of its production with plans to resume operation in late 2021. [8]
References
- ^ a b "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.