Founded in 1961 by its former President, MR. JUSTO E. MANALO, the firm
entered the contracting trade as a sole proprietorship. Its one single
large asset back then was a small crawler crane that is used for
constructing bridges and waterfront structures. In December 1969, the
company was incorporated with a capitalization
of P1,000,000.00. It established a foothold in the industrial market
with the construction of industrial and commercial buildings and
facilities. Among its major clients then were
Elizalde Iron & Steel Works Riverside Mills Corporation, and Philippine Blooming Mills.
In 1974, the firm began as a contractor for major flood control
projects under the Bureau of Public Works. This signaled the numerous
other critical projects that the firm has completed for the Philippine
Government since that time. In 1978, it
was selected as one of the
13 most outstanding public works contractor. In 1974, it added another
field of specialty in its line of construction- Portworks. Among its
first portwork projects was an R. C. Pier for Petrophil Corporation,
construction of the
Syncrolift Dry-dock and Transfer System for
BASECO, Bataan and the BCI Wharf for the Maritime Co. of the
Philippines. It was also during this period that the firm became a noted
name in the sub specialty of pile driving. With the onset of the 80's,
the firm reached for greater challenges when in 1983 together with a
co-venturer, Fascon
(Mla), Inc., it was awarded the contract to
build the Port of Cagayan de Oro. The P123,000,000.00 facility which
was the first single largest project awarded to the firm, took 3 years
to complete. Today, the province of Mindanao still benefits
tremendously from the construction of the port. The firm further
stretched out its clientele when in the early 80's, it entered into
contracts with the U.S. Department of the Navy and the U.S. Airforce
for the construction of vital facilities in Subic Naval Base and Clark
Air Base.
