Philippine Phosphate Fertilizer Corporation

PHILPHOS was originally established in 1980 by the National Development Company (NDC), a Philippine Government Corporate Investment Fund.  In 1981, the project became a joint venture between the Philippines and the Republic of Nauru, a Central Pacific Island Republic which is a major source of phosphate rock. Construction of the plant started in the same year by a consurtium of four major contractors; Coppee Lavalin of Belgium, Dragados y Construcciones of Spain, Mistsubishi Heavy Industries of Japan and the Philippine National Construction Company. It was then completed in 1984 and by 1987 commercial operations was initiated. In late November 2000, the country privatized the company through a sale of its shares to private Philippine Investors led by Delphi Holdings.                                                                          .