[6] It grew to become a major player in the tile industry in the Philippines with Mariwasa exporting some of its products to Hong Kong and the United States.

[7] Mariwasa went public in the Philippine Stock Exchange (PSE) in 1991 which led to the partnership of MMI with Thai firm Siam Cement Group (SCG).

The two firms created a joint venture Mariwasa Siam Ceramics, Inc. which was made a subsidiary of MMI.

[8] However starting 1998, the company experienced a financial crisis, registering an average of millions of pesos in net loss for the next few years.

Mariwasa stopped trading in the stock exchange in December 1999, decided to close its main tile manufacturing plant in 2001 in Rosario, Pasig,[7] and defaulted in 2003.