Aboitiz Equity Ventures

Aboitiz Equity Ventures Inc.
Formerly	Cebu Pan Asian Holdings
Type	Public
Traded as	PSE: AEV
Founded	September 11, 1989; 32 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, in Davao City, and 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. ( RAFI Microfinance) (NGO microfinance 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 Infastructure
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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