INOAC Philippines Corporation (IPC)
IPC Is a joint venture of two pioneers and leaders in the foam industry, INOAC Corporation of Japan & RGC Group of Companies (URATEX) of the Philippines.
IPC was established in January 1998, combining the strengths of these two big companies in foaming technologies and marketing networks.
INOAC Corporation was the first to develop and market urethane foam in Asia. Since 1926, it has put up, with its ingenuity, more than 30 manufacturing facilities worldwide.
RGC Group, founded in 1968, is one of the leading foam manufacturers in Southeast Asia and is the largest manufacturer and marketer of full-range automotive and commercial polyurethane foam products in the Philippines.
MISSION:
“To become the business partner in providing innovative and environmentally responsible key foam solutions that empower techno products utilizing both up-to-date technology and talent-rich human resources.”
VISION:
“To be a long-term major player in the field of hi-polymer applications in electronics, computers, automotive, medical, construction industries and applications in other industries for both local and exporting companies in the Philippines.”
Profile:
Laguna Address : RGC Compound, Brgy. Pittland, Cabuyao, Laguna
Cebu Address: 88 Don Sergio Suico St., Riverside, Canduman, Mandaue City, Cebu
Start of Operation: January 1998
SEC Registration: A1997-16319 ( September 10, 1997 )
BOI Registration: EP-96-361 ( October 23, 1997 )
Business Type: Joint Venture Agreement
Shareholders: RGC Group of Companies (Uratex): 50% share
INOAC Corporation (Japan): 50% share
Capitalization: Php 40,000,000.00
Land Area: 5000 sq. M
Factory Area: 4,050 sq. M (54 x 75)
International: ISO 9001: 2008 (Certified December 2009)
Certifications : ISO 14001: 2004(Certified February 2008)
Material Sources
A. Imported: INOAC Japan, Thailand, Indonesia, China and others
B. Local: URATEX Philippines Corp.