| Tanduay traces its corporate
origin to 1854 as a distillery in Hagonoy, Bulacan that was originally
owned by Elias Menchatorre Y Cia. In 1860, the distillery was acquired
by Ynchausti Y Cia, a partnership owned by Joaquin Elizalde, Juan Bautista
Yrissary and Joaquin Ynchausti, that was later renamed Elizalde & Company,
Inc. in 1935 when the Elizaldes bought the shares of Ynchausti. This small
distillery was transformed by four successive generations of the Elizaldes
into the modern Tanduay Distillery and the largest producer of rhum in
the Philippines.
In 1988, Tanduay was acquired
from the Elizaldes by the Lucio Tan Group of Companies. Apart from being
the Philippines' number one rhum product, Tanduay is now the second largest
rhum seller in the world and it is included among the Philippines' top
500 corporations in terms of revenues.
Over the years, Tanduay Rhum
products have won over a hundred awards for product excellence in various
international wines and spirits competitions that included the prestigious
Monde Selection. Twenty-one of these awards were gold medals, the latest
of which was during the 1996 Monde Selection in Portugal. Tanduay's long
history and world-renowned quality is undoubtedly one of the Philippines'
treasures and a showcase of Filipino's resilience, skill and creativity.
The issuance of a commemorative
stamp will be one of the highlights of Tanduay's celebration of its 150th
anniversary. Apart from preserving the company's rich legacy to the nation,
it should come in as a timely inspiration and reminder to our countrymen
that there are Filipino companies that have withstood the country's difficult
economic history and have competed well against the world's best. |
