was established on November 29, 1983, initially leasing
the seaweeds processing facilities of the Philippine subsidiary
of a Multi-National Company (MNC) based in Chicago, Illinois
when the subsidiary ceased its operations in the country.
MCPI's modern PNG carrageenan
processing plant has found its home in a 35,000 sqm complex
at Barangay Tugbongan, Consolacion, Cebu. Currently, the
plant is producing carrageenan at an annual rate of 1,200
MT and is due for expansion to increase yearly output
to 4,000 MT.