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About: Wellex Industries     Goto   Sponge   NotDistinct   Permalink

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Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseorganisation New Facet based on Instances of this Class

Wellex Industries, Inc. is a Filipino company engaged in mining and oil exploration in the Philippines. Currently headquartered in Ortigas Center, Pasig City, it is one of The Wellex Group's six major business segments. The company was founded in October 1956 as Republic Resources and Development Corporation (also known as REDECO). By the 1980s, the company encountered difficulties in both the oil and mining industries, but was able to recover with the organization of The Wellex Group in 1994. In September 1997, the company changed its name from REDECO to Wellex Industries.