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IPM Holdings, Inc. (IPM), formerly Minerales Industrias Corporation (MIC), was originally incorporated on August 31, 1995 under the name Armstrong Holdings Corporation as a company primarily engaged in the business of investment in real and personal property of every kind and description; and in the management of any business, joint venture firm, partnership, corporation, institution or entity. On November 25, 2015, the Securities and Exchange Commission approved the change in the Company's name to the present one.
In February 2013, the stockholders of the Company approved the subscription of the IPM group of companies to a total 500 million shares out of the increase in MIC's authorized capital stock. The stockholders also approved the amendment of the primary purpose of the Company to being a holding company from a mining company to give it more flexibility in looking for suitable investments. On March 4, 2013, the Company acquired shares in Basic Environmental Systems and Technologies, Inc. (BEST) amounting to a 75% interest, thereby treating it as a subsidiary. BEST is a corporation engaged in contracting and consulting business for waste management, public cleansing, sanitation and general hygiene to provide comprehensive waste disposal services. The Group, with a vision of providing quality environmental and waste management services nationwide, is currently spearheading activities aimed to enable municipalities, cities, and provinces to establish integrated waste management systems that are compliant with the requirements of Republic Act 9003, the Ecological Solid Waste Management Act of 2000, Republic Act 11898, the Extended Producer Responsibility Act of 2022 (“EPR”), relevant environmental laws, rules and regulations. With the technical competency and available solutions, the Group, in partnership with local government units (“LGUs”) on a Public-Private Partnership (“PPP”) framework, has pioneered in building, developing, operating and maintaining state-of-the-art facilities to properly address waste management needs thereby reducing pollution and preventing further destruction of our environment and natural resources. On September 25, 2019, the Group entered into a Joint Venture with the City Government of Passi, Iloilo for the establishment, operation and maintenance of the Passi City Integrated Waste Management Facility, the first PPP project awarded to BEST. The facility was opened in 2021. On June 15, 2022, the Group entered into another PPP project with the Provincial Government of Bataan for the design, construction, operation, maintenance and closure of the Bataan Engineered Sanitary Landfill Facility. This facility commenced its operations in the last quarter of 2024. In addition, considering the ongoing focus and drive for compliance with proper waste management in the private and commercial sectors, the Group plans to further expand its operations in private waste collection and disposal within Metro Manila and its environs. With IPM Group’s aspiration to transform the waste value chain by creating and implementing innovative and data-driven programs with organizations sharing the same goal of maximizing resource recovery and circularity, the Group launched My Basurero App - a waste collection hauling app that provides sustainable logistics solutions to individuals or organizations wanting to maximize waste diversion and implement proper waste disposal. The Group believes in the importance of education on the grassroots level to fully realize behavioural change and solve the looming waste problem in the country. With this in mind, the Group launched the Trash to Cashback (“TTCB”) Program, an incentivized segregation at source program aiming to convert individuals to eco-warriors using environmental points, product incentives, gamification and challenges. The Trash to Cashback Program is powered by bXTRA Philippines, the first cloud-based customer loyalty program provider. In line with the Extended Producer Responsibility Act of 2022, the Trash to Cashback Program became the platform for multi-stakeholder participation from LGUs, fast moving consumer goods, waste management solutions providers, recycling partners, and micro, small, and medium enterprises (“MSMEs”). With its mission of leading the transformation of waste management in the Philippines, TTCB focuses on (1) innovative, data-driven solutions, fostering collaboration with enterprises and LGUs, (2) empowering communities to drive responsible waste segregation, recycling, and disposal, and (3) fostering a workforce that takes pride in transforming waste into resources. The TTCB Program continues to make significant strides in waste management and environmental conservation. Through strategic planning, operational efficiency, and strong community involvement, the initiative aims to scale its impact further while maintaining compliance with sustainability goals. With the current and future projects, the Group envisions itself to be the premier partner for enterprises and LGUs in the Philippines. At the same time, we aim for behavior modification and sustainability, by taking traditional methods and infusing modern systems and technologies to change the way people view waste and waste management. |