Ayala-led ACEN has renewed its power supply agreement (PSA) with Polyfoam-RGC International Corporation, the manufacturer of Uratex’s mattresses and foam products.
This new PSA marks the manufacturer’s first foray into renewable energy supply as part of its sustainability target of reducing its greenhouse emissions by 30% this year, and net-zero emissions by 2030.
ACEN will be supplying RE in Polyfoam-RGC’s manufacturing plants in Alabang, Muntinlupa City, Valenuzela City and Canlubang, Laguna.
“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,” Polyfoam-RGC managing director Peachy Cheng-Medina said.
The Ayala energy company has been providing power supply to Polyfoam-RGC since 2017, beginning in its biggest plant in Valenzuela City.
“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,” ACEN executive director and head of commercial operations Miguel de Jesus said.
The Ayala company is working towards its goal of having 5,000 megawatts of all-RE portfolio by 2025