Solid Group - Manila

Solid Group Inc. (SGI), formerly United Paracale Mining Corporation (UPMC), was incorporated in 1933 and officially listed with the Philippine Stocks Exchange in 1996. After reorganizing its capital and business structure, SGI has since been involved in a range of industries including distribution (mobile devices, modular housing and professional equipment), real estate (property leasing, condo sales, hotel operation and investments) and support services (electronics servicing, logistics, financing). From 1996 to 2002, SGI manufactured color televisions for both domestic and export sales, as well as distributed and marketed various consumer audio and video products. SGI also operated two plastic molding factories, but due to the 1997 Asian crisis, market liberalization and intense  

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competition, the company phased out these operations in 2002 and 2009, respectively.

SGI has continued to develop its support services to the consumer durables industry, as well as professional equipment sales, servicing and integration to broadcast and institutional clients. In 2001, the company embraced new technology and invested in the broadband industry and related businesses, building an extensive hybrid fiber and co-axial cable infrastructure in Metro Manila for cable television and internet, as well as satellite services for nationwide data carriage. In 2012, SGI sold its broadband and cable infrastructure to the Lopez Group for close to one billion pesos, and decided to focus on the mobile digital business.

SGI ventured into a 26-storey high rise condominium project, Zen