founded 1945 founder wong chu king headquarters manila philippines area served philippines key people edilberto adan president oscar barrientos executive vice president products cigarettes website www.mightycorp.com.ph mighty corporation also known as mighty corp. or mighty is the philippines oldest all filipino owned cigarette producer and is currently the second largest cigarette firm in terms of market share in the country albeit far behind pmftc inc. mighty increased its market share from 3 percent in 2012 to nearly 20 percent in 2013 as a result of consumer down trading from premium marlboro lucky strike winston to low end brands mighty fortune . the company has been enduring accusations by rival pmftc since the implementation of republic act 10351 more commonly known as the sin tax law . 1 contents 1 history 2 senior management 3 tobacco trade war 4 social involvement 5 external links 6 references history edit in 1945 the company was established as la campana fabrica de tabacos inc. by wong chu king and started out with a small cigarette factory in manila producing native cigarettes known as matamis . in 1948 a second factory was built in pasong tamo makati . in 1963 a facility for tobacco threshing and redrying was constructed in malolos bulacan where the company s processing plant is nowadays located . 2 in 1985 the company was renamed mighty corp. and bought the trademarks of alhambra industries in 1993 . in 2001 mighty entered into a cigarette manufacturing agreement with sterling tobacco to produce the latter s trademarks . in 2004 the company entered into a cigarette manufacturing agreement with the philip morris philippines as the latter brought the trademarks of sterling tobacco . in 2014 british american tobacco bat the smallest player in the philippine tobacco market engaged talks with mighty corp to explore partnership options . 3 senior management edit lt. gen. edilberto adan ret . oscar barrientos tobacco trade war edit since the success of the sin tax law pmftc inc. has been accusing mighty corp. of various issues yet no formal charges or complaint have been filed while the bureau of internal revenue bir has clarified to maintain a neutral position in the ongoing tobacco trade war . bir commissioner kim jacinto henares officially stated that the burden of proof rests on pmi and pmftc they should prove that mighty has evaded the government . if they can not prove their allegation then they may be liable for libel or slander . she said pmi s current hurdles in the philippine market could have been avoided if pmftc agreed to the government s original proposal of adopting a unitary tax system which aimed to remove the tax rate gap between low and high priced cigarette brands . the bir chief explained a unitary rate system on cigarette could have been prevented smokers from down shifting from high priced brands such as marlboro winston and lucky strike to low priced brands like mighty . 4 a bureau of customs boc administrative order issued in january 2014 suspended the firm s customs bonded warehouse operations to assess and audit raw materials originally intended for export but were subsequently used for domestic production . after the assessment the company paid a total of p978 million pesos . 5 in march 2014 mighty corp has been placed under investigation by the bir for purported underpayment and unpaid tax levies . the bir has opted for the first time in its history to field its personnel on a 24 7 basis to closely monitor mighty corp s operations . to date no irregularities have been reported by the tax agency . 6 in october 2014 acting senate minority leader vicente sotto iii pointed out in a recent hearing of the joint congressional oversight committee on the comprehensive tax reform program citing the apparent tax leakages particularly in the tobacco industry . according to sotto mighty corp. appears to have questionable figures in the importation of tobacco leaves and that the company does not declare importation of acetate tow the material used to make cigarette filters which can not be locally sourced for domestic consumption until 2013 . however bir commissioner kim henares who was in the hearing opposed the senate tax study research office stsro data which includes the discredited information on alleged illicit tobacco trade furnished by multinational research firms ac nielsen the international tax and investment center itic and oxford economics as inaccurate incomplete and not validated . she also added that the data used as basis for the stsro report were biased and paid for by philip morris international pmi and that can not be a basis against mighty . 7 based on itic s website one of its directors is also a ranking official of philip morris . 8 in early 2015 main local competitor pmftc declared it had to restructure its manufacturing operations in the country cutting close to 700 permanent positions and has blamed it on a market disturbance said to be generated by mighty corp. over the last two years . 9 however bir commissioner kim jacinto henares had already exposed a flaw in pmftc s arguments regarding their labor problems the year prior that it would not have happened had the tobacco giant agreed from the start to keep the government s original intent of implementing a unitary tax system for the industry . a unitary tax system means that all brands and price points would have a single rate and thus downshifting by consumers would in theory be mitigated . 10 the non government organization and anti tobacco advocate group south east asian tobacco control alliance seatca has contradicted pmftc s claims of cooperation with governments worldwide need to be qualified . for example philip morris collaboration with the european union eu is the result of a 2004 legally binding out of court settlement by philip morris international pmi after it was sued by the eu for its involvement in tobacco smuggling seatca pointed out . as part of this settlement pmi agreed to pay 1.25 billion over 12 years to the eu to fight illicit tobacco trade . it is unlikely that a corporation would resolve a lawsuit for over us 1 billion unless they felt the case against them was strong . seatca had also scored a philip morris funded international tax and investment centre and oxford economics joint report for using a flawed methodology and coming up with skewed findings that support the tobacco industry . 11 pmftc has also resorted to the use of paid advertisements to attack mighty 12 which is a violation of section 22 of the republic act no. 9211 or the tobacco regulation act of 2003 . 13 social involvement edit mighty corp. is engaged in corporate social responsibility csr work through the wong chu king foundation inc. wckfi . as devout catholics the wong chu king family has been active in various educational and apostolic programs together with local churches in helping communities all over the philippines since its inception . in 2014 wckfi also launched a two pronged community outreach program geared towards tobacco farmers and their families as an effort to save the local tobacco industry . the first one is the allocation of a p10 million peso budget to help modernize tobacco farmers that have no access to modern farming and irrigation equipment as well as a college scholarship program to aide 200 sons and daughters of tobacco farmers across two regions . 14 external links edit mighty corp official website references edit sabi na nga ba bir says philip morris labor problem is its own making . interaksyon.com . mighty corp 69 years of quality cigarettes . mighty corp. british american tobacco open to beneficial partnership . mb.com . b bir assures fairness on cigarette issue . manila bulletin . despite fines no case filed against mighty corp. . philippine daily inquirer . bir sets tighter monitoring of cigarette firm . philippine daily inquirer . mighty downplays stsro report on illicit trade . manila bulletin . about . board of directors . iticnet.org . pmftc restructures cigarette manufacturing operations in marikina philippines . pmi.com . yosi wars philip morris hq tells investors mighty corp is dodging taxes . interaksyon . seatca scores philip morris posturing vs smuggling you re still part of problem not solution . interaksyon . pmftc uses paid ads to expose rival mighty . abs cbn news . republic act no. 9211 . gov.ph . cigarette firm to assist tobacco farmers . the philippine star . v t e cigarettes types fashion fire safe kretek lights menthol beedi components tobacco rolling paper filter additives peripherals ashtray case holder lighter pack receptacles vending machine culture cigarette card cigarette smoking among college students loosie smoking fetishism tobacco smoking health issues chain smoking cigarette smoking for weight loss nicotine poisoning passive smoking third hand smoke schizophrenia and smoking sidestream smoke smoking cessation tobacco harm reduction related products nicotine patch nicotine gum nicotine inhaler nicotine lozenge electronic cigarette candy cigarette herbal cigarette tobacco industry cultivation of tobacco egyptian cigarette industry history of commercial tobacco in the united states tobacco advertising government and the law cigarette smuggling illicit cigarette trade plain cigarette packaging smoking age smoking bans in private vehicles tobacco control movement tobacco master settlement agreement tobacco packaging warning messages tobacco politics who framework convention on tobacco control protocol to eliminate illicit trade in tobacco products lists cigarette brands cigarette smoke carcinogens countries by cigarette consumption per capita rolling papers smoking bans category commons retrieved from https en.wikipedia.org w index.php title mighty corporation & oldid 735016571 categories 1945 establishments in the philippinescompanies based in manilacompanies established in 1945tobacco companiestobacco in the philippines navigation menu personal 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