ACEN, Ayala Group’s listed energy platform, has entered into an agreement with Polyfoam-RGC International Corporation, manufacturer of top-selling Uratex mattresses and foam products, to supply the latter’s energy needs for its nationwide operations.
The deal is Polyfoam-RGC’s third renewal with ACEN since it first tapped the power producer in 2017 to supply power for their two plants, and most recently, for their biggest plant in Valenzuela. This is the manufacturer’s first foray into renewable energy supply.
Under the new contract, ACEN will power Polyfoam-RGC’s manufacturing plants in Alabang, Muntinlupa City, Valenzuela City, and Canlubang, Laguna with renewable energy enough to eliminate an estimated 22,750 metric tonnes of CO2 emissions.
The move is seen to help Polyfoam-RGC achieve its sustainability target of decreasing its greenhouse gas emissions by 30% this year, and its long-term target of Net Zero emissions by 2030.
“We are privileged with the trust that our valued partners such as Uratex have placed in us. We are committed to continuously partner with them to attain our shared goals of sustainable progress spurred by the deliberate and conscious decision to go for renewable energy,” said ACEN Executive Director and Head of Commercial Operations, Miguel de Jesus. “Through our retail electricity supply business, we provide ways for businesses to achieve their sustainability goals and have a head start on their renewable energy journey.”
“We realize that even a carbon-intensive operation like ours can find means to make our business more environmentally friendly through renewable energy. We are more committed to participating in the sustainable production of our products to benefit the people and the planet,” said Polyfoam-RGC Managing Director Peachy Cheng-Medina.
Moreover, Polyfoam-RGC’s pivot from conventional power to RE is deemed providential amid the current COVID recovery environment when the costs of commodities are soaring. “Our contract with ACEN is effectively shielding us from market volatility that business is experiencing, and helping us achieve better profitability,” said Medina.
Uratex, under the RGC Group of Companies, is 100% Filipino-owned and the country’s largest manufacturer of world-class foam, plastic and textile products for household and automotive use, among other applications. It was established in 1968 and currently has 25 manufacturing plants and showrooms nationwide. Most recently, the company embarked on its path to sustainability through various initiatives that aim to reduce their carbon footprint.