Aboitiz Equity Ventures

Aboitiz Equity Ventures Inc.
Formerly	Cebu Pan Asian Holdings
Company type	Public
Traded as	PSE: AEV
Founded	September 11, 1989; 34 years ago
Headquarters	Aboitiz Corporate Center, Gov. Manuel A. Cuenco Avenue, Kasambagan, Cebu City, Philippines
Key people	Enrique M. Aboitiz (Chairman); Mikel A. Aboitiz (Vice Chairman); Erramon I. Aboitiz (President and CEO); Sabin M. Aboitiz (EVP and COO); Manuel R. Lozano (SVP, CFO & CIO);
Revenue	₱186.73 Billion PHP (2020)
Net income	₱20.81 Billion PHP (2020)
Total assets	₱609.16 Billion PHP (2020)
Number of employees	267
Website	aboitiz.com

Aboitiz Equity Ventures (AEV) is a Philippine holding company based in Cebu City.^[1] The conglomerate operates in four sectors: consumer goods, utilities, financials, and industrials. In 2017, the company was ranked 1793rd on the Forbes Global 2000.^[2]

History

The company was founded on September 11, 1989 as Cebu Pan Asian Holdings; the name was changed to the current designation in 1993.^[3] The company went public on November 16, 1994.^[4]

Holdings

Power

Aboitiz Power Corporation,^[5] owns Davao Light and Power Company in Davao City, Cotabato Light and Power Company in Cotabato City, Visayan Electric Company in Cebu City, the Mariveles Coal-Fired Power Plant in Mariveles, Bataan, Therma South, Inc - Coal Fired Power Plant in Davao City, and Therma Visayas, Inc. - Coal Fired Power Plant in Toledo City, Cebu

Banking and Financial Services

Union Bank of the Philippines (UnionBank)
City Savings Bank (formerly Cebu City Savings and Loan Association), savings bank of UnionBank
PETNET
Ramon Aboitiz Foundation Inc. - Microfinance (RAFI Microfinance) Microfinance NGO arm of Aboitiz group)

Foods

Pilmico Foods Corporation
Gold Coin
Vinh Hoan Feeds

Infrastructure

Aboitiz InfraCapital Inc.
- Bicol International Airport
  Bohol-Panglao International Airport
  Laguindingan Airport
The Republic Cement Group (with CRH plc), founded in 1955, produces about 7 million tons of cement annually. It is the second largest producer in the Philippines and produces about a quarter of the country's cement.^[6] In 2017, AEV announced it would invest $300 million in the subsidiary to increase capacity.^[6]
APO Agua Infrastructura
LIMA Estate
LIMA Water
MEZ2 Estate
Unity Digital Infrastructure
West Cebu Estate
Aboitiz Construction, Inc.

Real Estate

Aboitiz Land, Inc.
- LIMA Technology Park
- Mactan Economic Zone II
- West Cebu Industrial Park

Data Science and Artificial Intelligence

Aboitiz Data Innovation

References

^ "Aboitiz Equity Ventures, Inc.: Private Company Information". Bloomberg. Retrieved 2017-12-17.
^ "The World's Biggest Public Companies List". Forbes.com. 2017-05-24. Retrieved 2017-12-16.
^ Resil B. Mojares (1998). Aboitiz: Family & Firm in the Philippines. Aboitiz & Company. ISBN 978-971-91903-0-1.
^ Asiamoney. Euromoney Publications. 1996.
^ "Aboitiz Power - Clean Energy and Green Living - Home Page". Aboitiz Power. Retrieved 2019-05-09.
^ ^a ^b "Aboitiz group to pour $300 million into cement business". Retrieved 2017-12-17.

[BB-1] "Aboitiz Equity Ventures, Inc.: Private Company Information". Bloomberg. Retrieved 2017-12-17.

[2] "The World's Biggest Public Companies List". Forbes.com. 2017-05-24. Retrieved 2017-12-16.

[Mojares1998-3] Resil B. Mojares (1998). Aboitiz: Family & Firm in the Philippines. Aboitiz & Company. ISBN 978-971-91903-0-1.

[4] Asiamoney. Euromoney Publications. 1996.

[5] "Aboitiz Power - Clean Energy and Green Living - Home Page". Aboitiz Power. Retrieved 2019-05-09.

[RP2007-6] "Aboitiz group to pour $300 million into cement business". Retrieved 2017-12-17.

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