Manila Pest Control Company [MAPECON] was organized as a soleproprietorship with PhP 400.00 capitalization in 1961. On May 1968,it was incorporated with an authorized capital stock of PhP 1M andwas increased to PhP 2M in 1979, divided into 200,000 shares at PhP10.00 par value per share.All shares are subscribed and paid up. As of December 1995, itscorporate assets have totaled PhP 41M. It has 60% share holding[capitalized at PhP 49.5M] in MAPECON Green Charcoal Philippines,Inc. [MGCPI], a subsidiary company.Since MAPECON produces not only pesticides but also Green Charcoal[GC] and Activated Carbon [AC], its corporate name waschanged to MAPECON Philippines, Inc. in 1996.
