ALI, SteelAsia, and MDC Form Strategic Alliance for Sustainable Construction
March 13, 202427 February 2024, Makati City — Ayala Land Inc. (ALI), SteelAsia Manufacturing and Makati Development Corporation (MDC) signed today a memorandum of understanding for a groundbreaking collaboration advancing circular economy and decarbonization methods in the construction industry.
The agreement solidifies the practice of SteelAsia supplying MDC, the construction arm of ALI, with rebars made from recycled content sourced from scrap generated by ALI projects. This initiative exemplifies a tangible application of circular economy principles, emphasizing waste reduction and cost-efficiency. The approach aims to reduce the carbon footprints of the three companies whose diverse core businesses form a perfect synergy in recycling and reusing rebars.
ALI began its decarbonization journey in 2017 when it committed to carbon neutrality for the controllable emissions of its commercial properties. The property developer took it a step further in 2022 when it set a target of net zero emissions in 2050.
It has six strategically located plants to keep its prices the same all over the country. It supplies rebars to the largest local developer including ALI, has exported to Canada, and provided 100 percent of the rebars to build Cebu’s Cordova Bridge, among others.
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