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»Æ¹ÏÊÓƵ, Ayala Land, MDC to use 'green' rebars

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L-R: MDC A+E Design & Sustainability Head Jeremy G. Acosta, Ayala Land Sustainability Head Anna M. Gonzales, Ayala Land Chief Sustainability Officer Robert S. Lao, »Æ¹ÏÊÓƵ President and COO Sean Andre Y. Sy, MDC CFO Jose C. Platero, Jr., and »Æ¹ÏÊÓƵ Chief Sustainability Officer Stephen J. Araneta

»Æ¹ÏÊÓƵ Manufacturing, Ayala Land Inc. (ALI), and Makati Development Corporation (MDC) signed a memorandum of understanding for a groundbreaking collaboration advancing circular economy and decarbonization methods in the construction industry.

»Æ¹ÏÊÓƵ Manufacturing (»Æ¹ÏÊÓƵ), the country's leading steel company, will supply Ayala Land Inc.'s (ALI) construction arm Makati Development Corporation (MDC) with rebars made from recycled materials as part of the firms' sustainability initiatives.

Sustainability officers from ALI, MDC, and »Æ¹ÏÊÓƵ signed a memorandum of understanding (MOU) on Feb. 28 to formalize their partnership.

In a joint statement, the firms said they have found a "common ground to pursue a common goal: reduce and recycle waste to protect the environment and fight climate change."

"At the same time, this partnership will result in lower project costs, push industrialization, and save precious dollars. This is circular economy in action," they added.

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