Wellex Industries Inc.
PPSE:WIN0.32
PHP
+0.01
(+3.23%)
ISIN
PHY9534C1028
CUSIP
Y9534C102
Return %
Stock
S&P 500
1Y
18.52
14.20
3Y
18.52
81.12
5Y
25.49
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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- Full Time Employees
- 18
- Sector
- Finance
- Industry
- Real estate development
- Address
- Pasig City Philippines
- IPO Date
- Jan 9, 1958
- Website
- wellexindustries.com
- Similar Companies
- Business
- Wellex Industries, Inc. is a Philippines-based property holding and investment management company primarily engaged in the leasing of industrial real estate, warehouse facilities, and commercial properties. Originally incorporated on October 19, 1956, as Republic Resources and Development Corporation (REDECO) before adopting its current name in September 1997, the company is headquartered in Pasig City, Metro Manila, Philippines, and operates as a core affiliate of The Wellex Group. The company's business activities and commercial offerings encompass the leasing of industrial warehouse units; commercial building space leasing; provision of open storage yards and shipyard facilities; site administration and industrial compound property management; supply of essential utility infrastructure, power distribution support, and water system access across its managed estate; and investment holding, capital allocation, and corporate recovery management. Wellex Industries primarily serves industrial manufacturers, logistics and freight providers, commercial distributors, and warehousing operators through its flagship Plastic City Industrial Park compound, an approximately 84-hectare industrial estate located in Valenzuela City, Metro Manila. Operating primarily through its subsidiary Plastic City Industrial Corporation (PCIC), the company has fully transitioned away from historical plastic manufacturing activities to focus on maximizing recurring rental income from its extensive property portfolio. Recent major corporate and operational developments include the formal sector reclassification of Wellex Industries on the Philippine Stock Exchange (PSE: WIN) from the Holding Firms sector to the Property sector, effective January 2026, reflecting the primary contribution of its real estate leasing activities to total corporate revenues; sustained expansion of its leasing tenant base to over 30 commercial and industrial lessees, delivering double-digit rental revenue growth; ongoing balance sheet restructuring and debt settlement initiatives designed to address legacy corporate obligations and reduce operational deficits; and active strategic evaluations aimed at the long-term master-planned redevelopment of the Plastic City estate into a modernized mixed-use urban industrial and logistics hub, alongside maintained statutory authorization to explore prospective ventures in natural resources and mining enterprise support.