Aboitiz Equity Ventures
 | |
| Formerly | Cebu Pan Asian Holdings |
|---|---|
| Company type | Public |
| PSE: AEV | |
| Founded | 1989 |
| Headquarters | Aboitiz Corporate Center, Gov. Manuel A. Cuenco Avenue, Kasambagan, Cebu City, |
Key people |
|
| Revenue | $2,500 million USD (2016) |
| $487 million USD (2016) | |
| Total assets | $8,100 million USD (2016) |
Number of employees | 267 |
| Website | aboitiz |
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 in 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, 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 Aboitiz Bank), savings bank of UnionBank
- PETNET
- Ramon Aboitiz Foundation Inc. ( RAFI Microfinance) (NGO microfinance arm of Aboitiz group)
Foods
- Pilmico Foods Corporation
- Gold Coin
Infrastructure
- Aboitiz InfraCapital
- 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
- Aboitiz Construction, Inc.
Real Estate
- Aboitiz Land, Inc.
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.