MABUHAY VINYL CORP

What MABUHAY VINYL CORP does

Mabuhay Vinyl Corp (PSE: MVC) is a Philippine chemical manufacturer founded in 1934 and headquartered in Salcedo, Philippines. The company produces inorganic chemical goods in commercial quantities, with its product portfolio centered on chlor-alkali and downstream derivatives — specifically caustic soda, hydrochloric acid, and chlorine. These are commodity industrial chemicals produced via the electrolysis of brine, a capital-intensive process that has historically favored long-tenured operators with established infrastructure. The company operates with a workforce of 101-250 employees and is publicly listed on the Philippine Stock Exchange.

The business model is that of a domestic commodity chemicals producer serving Philippine industrial customers — likely spanning water treatment, pulp and paper, textiles, and PVC manufacturing, though specific customer disclosures are unavailable. Revenue over the 2021-2025 period ranged from approximately ₱42.6 billion PHP (2021) to ₱57.5 billion PHP (2022), with 2025 revenue at approximately ₱56.8 billion PHP — a volatile but generally stable profile characteristic of cyclical commodity chemical pricing. EBITDA over the same period ranged from ₱8.1B to ₱11.1B PHP, with EBITDA margins in the 14-19% range consistent with chlor-alkali economics. Net income has remained positive across the period, with 2025 net income of approximately ₱6.0B PHP.

Data visibility is materially limited: the company's website (mvc.com.ph) displayed only a verification/loading page at the time of collection, and no management team, customer roster, geographic footprint, capacity, or recent strategic disclosures are available in the input. As a result, current operational details — including production capacity, plant locations beyond headquarters, customer composition, and any recent strategic actions — cannot be verified from the provided source material.

Name

MABUHAY VINYL CORP

Legal name

Mabuhay Vinyl Corp

Website

https://mvc.com.ph

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

101–250 employees

Short description

Mabuhay Vinyl Corp is a Philippine chemical manufacturer founded in 1934 that produces chlor-alkali and derivatives — caustic soda, hydrochloric acid, and chlorine — in commercial quantities for domestic industrial customers. The company is publicly listed on the PSE under ticker MVC.

Ownership category

akta.pro rank

Headquarters

HQ city

Salcedo

HQ country

Philippines

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Core offering

Mabuhay Vinyl Corp is a chemical manufacturer that produces chlor-alkali products in commercial quantities. Its core product line includes caustic soda (sodium hydroxide), hydrochloric acid, and chlorine, which are supplied to industrial customers for downstream chemical, manufacturing, and processing applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Caustic Soda (Sodium Hydroxide) Caustic soda is one of Mabuhay Vinyl Corp's core chlor-alkali chemical products, manufactured in commercial quantities for industrial customers that use it as a raw material in downstream manufacturing and processing operations.
• Hydrochloric Acid Hydrochloric acid is manufactured by Mabuhay Vinyl Corp in commercial quantities as part of its chlor-alkali product line, supplied to industrial buyers for use in chemical processing, metal treatment, and related manufacturing applications.
• Chlorine Chlorine is produced by Mabuhay Vinyl Corp in commercial quantities as part of its chlor-alkali operations, serving industrial customers that require it for water treatment, disinfection, PVC production, and other chemical manufacturing uses.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights2 records

Direct peers

• INEOS Group: INEOS is a major global chlor-alkali and vinyls producer with sites across Europe, North America, and Asia. Its chlor-alkali operations overlap directly with MVC's caustic soda/chlorine/HCl product slate.
• Olin Corporation: Olin is one of the largest global chlor-alkali producers (caustic soda, chlorine, hydrochloric acid, bleach), directly comparable to MVC's product slate and electrolytic production technology. Both are vertically integrated commodity chlor-alkali specialists selling into industrial customers.
• Occidental Petroleum (OxyChem): OxyChem is a global leader in chlor-alkali and PVC, manufacturing caustic soda, chlorine, and downstream derivatives. Its chlor-alkali segment is a direct functional mirror of MVC's business.
• Westlake Corporation: Westlake operates integrated chlor-alkali and PVC facilities producing caustic soda, chlorine, and vinyls — directly overlapping with MVC's chlor-alkali scope and exposure to the chlor-vinyl chain. Comparable in feedstock and end-market exposure.
• Tosoh Corporation: Tosoh is a Japanese chemical producer with one of the largest chlor-alkali operations in Asia, manufacturing caustic soda, chlorine, and related derivatives. Comparable as a regional Asian chlor-alkali incumbent.

Regional players

• Hanwha Solutions: Hanwha Solutions produces chlor-alkali and PVC products (caustic soda, chlorine, VCM, PVC) primarily in South Korea. Comparable chemistry and value chain, operating in a different Asian geography than MVC.

Broad incumbents

• AGC Inc. AGC (formerly Asahi Glass) operates a chlor-alkali and fluorochemicals business producing caustic soda and related derivatives. Comparable chlor-alkali product line within a diversified chemicals/materials portfolio.
• Dow Inc. Dow is a diversified chemicals major with a large chlor-alkali/chlor-vinyl franchise (caustic soda, chlorine, ethylene derivatives). Comparable on core chlor-alkali chemistry but as part of a much broader portfolio.
• Formosa Plastics Corporation: Formosa Plastics is an integrated PVC and chlor-alkali producer in Asia, manufacturing caustic soda, chlorine, VCM, and PVC resin. Closely comparable on the chlor-vinyl value chain even though broader in scope.
• Solvay SA: Solvay is a European chemicals major with a soda ash / chlor-alkali / specialty chemicals portfolio, comparable on the inorganic commodity chemical exposure relevant to MVC's chlor-alkali focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/mabuhay-vinyl-8bbb01b3

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MABUHAY VINYL CORP