Monark Equipment
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Monark Equipment Corporation is a family-owned Filipino corporation, and is a dealer and importer of
heavy equipment Heavy equipment or heavy machinery refers to heavy-duty vehicles specially designed to execute construction tasks, most frequently involving earthwork operations or other large construction tasks. ''Heavy equipment'' usually comprises five e ...
and generator sets. It is the exclusive authorized dealer of
Caterpillar Caterpillars ( ) are the larval stage of members of the order Lepidoptera (the insect order comprising butterflies and moths). As with most common names, the application of the word is arbitrary, since the larvae of sawflies (suborder Sym ...
products in the Philippines and prominently features the Caterpillar logo and the Caterpillar Yellow livery as part of its company logo. It distributes other European and North American brands, including Tadano cranes, Heavy Equipment and Industrial Tires, and Putzmeister
Concrete Pumps A concrete pump is a machine used for transferring liquid concrete by pumping. There are different types of concrete pumps. A common type of concrete pump for large scale construction projects is known as a boom concrete pump, because it uses ...
. The company is a member of the Monark Group of Companies. Monark Equipment Corporation provides
heavy equipment Heavy equipment or heavy machinery refers to heavy-duty vehicles specially designed to execute construction tasks, most frequently involving earthwork operations or other large construction tasks. ''Heavy equipment'' usually comprises five e ...
in the
agricultural Agriculture or farming is the practice of cultivating Plant, plants and livestock. Agriculture was the key development in the rise of Sedentism, sedentary human civilization, whereby farming of Domestication, domesticated species created food ...
, manufacturing,
industrial Industrial may refer to: Industry * Industrial archaeology, the study of the history of the industry * Industrial engineering, engineering dealing with the optimization of complex industrial processes or systems * Industrial city, a city dominate ...
, construction, mining, quarrying,
marine Marine is an adjective meaning of or pertaining to the sea or ocean. Marine or marines may refer to: Ocean * Maritime (disambiguation) * Marine art * Marine biology * Marine debris * Marine habitats * Marine life * Marine pollution Military * ...
and power sectors. It has a network of branches all over the country in order to provide repair and maintenance services for its heavy equipment. Monark Equipment Corporation is one of the top 500 non-individual taxpayers in the Philippines in 2014, ranking 167 and paying more than 225 million pesos in taxes.


Company history

Monark Equipment Corporation was incorporated in 1987 by Louie and Jan-B Banson after they acquired the right to become the sole authorized dealer of Caterpillar Equipment in the Philippines. Its parent company, Monark International Incorporated, was founded by their father Onofre in 1962. MII was one of the first to utilize Caterpillar machines in the country, deploying them in Monark's forestry operations. Throughout the seventies and eighties, MII was involved in some of the largest infrastructure projects in the country, frequently in partnership with the government or other private-sector companies. Monark Equipment Corporation projects in the sixties included the Angat water reservoir and hydroelectric dam, the US military bases in Subic, Clark and Sangley Point, and the building excavations of the Makati Medical Center, the Makati Stock Exchange, the Sheraton, and the corporate headquarters of San Miguel Corporation and the Philippine Long Distance Telephone Company. As a joint venture partner in the 1970s up to 1985, Monark was involved in major infrastructure projects such as the Magat and Pantabagan dams, the NLEX and Iloilo highways and the Masiway and Makban Geothermal power plants. In 2015, the company was awarded its ISO 9001: 2008 certification.


Company Highlights

In November 2013, following the devastation wrought by Typhoon Haiyan (known as Yolanda in the Philippines), Monark, through its non-profit Monark Foundation, provided aid to the survivors in devastated areas. Monark's Cat Rental Store provided forklifts to help with repacking of relief goods at repacking stations as well as providing generator sets to the government of Ormoc. Monark has entered into partnerships with non-profit organizations such as the
International Relief and Development International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The T ...
(IRD) to plan for long-term rehabilitation, relief and clearing operations. In addition, Monark employees have volunteered for various relief efforts, working with the Department of Social Welfare and Development and other relief agencies to distribute aid packages and feed survivors. In October 2013, Monark Equipment Corporation issued four billion pesos worth of corporate notes to finance its long-term debt service requirements. The notes have a five-year maturity period and
China Banking Corporation China Banking Corporation (; ), commonly known as China Bank, is a Filipino bank established in 1920. It was the first privately owned local commercial bank in the Philippines initially catering to the banking needs of Chinese Filipino businesspe ...
is the lead underwriter and issue manager. As a member of the
Philippine Business for Social Progress Philippine Business for Social Progress (PBSP) is the largest corporate-led social development foundation in the Philippines. Founded in 1970, PBSP was the first in Asia to lead the promotion and practice of corporate social responsibility (CSR). Co ...
, Monark, along with other member-companies, helped provide assistance to over 700,000 families in the areas of education, health, environment and enterprise and livelihood development. From 2012 to 2014, the business-led development organization disbursed some 3.8 billion pesos for health programs, 103 million pesos for livelihood assistance, 101 million pesos for education and 33 million pesos for environment programs.


Affiliate Companies

Monark Foundation Institute is the non-profit arm of Monark Equipment Corporation and provides vocational and skills training to high school graduates and out-of-school youth. Castle Power Philippines is the sole distributor in the country of Perkins services and products. It is the exclusive distributor of China-based Shandong Shem Machinery, which is a manufacturer of heavy machinery that is wholly owned by Caterpillar. PowerAsia Equipment Resources is the exclusive distributor of FG Wilson products in the Philippines. SITECH is the distributor of Trimble heavy equipment products which are marketed to the local construction industry.


Branches and Satellite Offices

For 29 years, Monark continuously grow to cover the needs of its market. Monark Equipment has now over 13 branches over the Philippines covering parts of Luzon ( Quezon City, Caloocan, Bicol Region,
Laguna Laguna (Italian and Spanish for lagoon) may refer to: People * Abe Laguna (born 1992), American DJ known as Ookay * Andrés Laguna (1499–1559), Spanish physician, pharmacologist, and botanist * Ana Laguna (born 1955), Spanish-Swedish ballet d ...
, and Pampanga), Visayas (
Bacolod Bacolod, officially the City of Bacolod (; hil, Dakbanwa/Syudad sang Bacolod; fil, Lungsod ng Bacolod), is a 1st class highly urbanized city in the region of Western Visayas, Philippines. It is the capital of the province of Negros Occidenta ...
, Cebu, and Iloilo City), and Mindanao (
Cagayan de Oro Cagayan ( ), officially the Province of Cagayan ( ilo, Probinsia ti Cagayan; ibg, Provinsiya na Cagayan; itv, Provinsiya ya Cagayan; fil, Lalawigan ng Cagayan), is a province in the Philippines located in the Cagayan Valley region, covering ...
, Davao, El Salvador,
General Santos General Santos, officially the City of General Santos,; hil, Dakbanwa sang Heneral Santos; Maguindanao language, Maguindanao: ''Ingud nu Heneral Santos''; Blaan language, Blaan: ''Banwe Dadiangas''; Tboli language, Tboli: ''Benwu Dadiangas'' ...
, Surigao, and Zamboanga City). Considered as the ‘Largest Footprint in the Industry’, Monark's mining sector covers 10 mine site projects which includes Didipio, Masbate, Taganito, Agata, and Tubay in
Agusan province Agusan was a province of the Philippines. It was created on August 20, 1907, by Provincial Government Act No. 1693, and dissolved on November 14, 1967, by Republic Act No. 4979. History Prior to its creation as an independent province, Agusa ...
, Siana in Surigao, and other projects located in Leyte, Palawan, and Cagayan de Oro.


References

{{Reflist Manufacturing companies of the Philippines Companies based in Quezon City