MIGHTY Corporation was chosen as this year’s outstanding corporation by the Philippine Council of Management Research Institute (PCMRI).
The Filipino-owned company will be receiving the coveted award on Dec. 10, 2015 on the occasion of the PCMRI’s 40th National Management Congress to be held in Makati City.
The PCMRI is a federation of professional and technological societies, management developments, institutions, academe, business enterprises and professional managers.
A letter sent by the PCMRI through Dr. Pedrito Salvador, the chairman of the five Board of Judges, to Mighty president retired Lt. Gen. Edilberto Adan said Mighty was chosen from eight other nominees because of its outstanding achievements in the fields of economics, finance, agriculture, business and industry;
E-commerce and IT; strategic management and economy of scales; leadership and governance; adherence to nationalism and anti-monopolism; and social, cultural and religious activities that impacted on the country and the society.
The company was awarded for continuously inspiring about 293,000 families and employees, business and trade partners by adhering to its mission, vision and core values.
In 1945, Wong Chu King and his partners Ong Lowa, Baa Dy, and Ong Pay set up La Campana Fabrica de Tabacos Inc., which had it first factory in Tayabas St., Manila. The second factory was built in 1948 in Pasong Tamo, Makati, and in 1951, it acquired the present site of its head office.
In 1963, Wong Chu King founded the Tobacco Industries of the Philippines (TIP) in a nine-hectare property in Barrio Tikay, Malolos, Bulacan which became the site of their manufacturing operations.
The succeeding years became difficult for the company but Wong Chu King, with the help of his family and employees, reestablished the company in 1985 to become what it is today. Mighty Corp. is one of the country’s largest taxpayers and known for its strong sense of ethics.