Aboitiz Equity Ventures
Formerly | Cebu Pan Asian Holdings |
---|---|
Type | Public |
PSE: AEV | |
Founded | September 11, 1989 |
Headquarters | Aboitiz Corporate Center, Gov. Manuel A. Cuenco Avenue, Kasambagan, Cebu City, |
Key people |
|
Revenue | ₱186.73 Billion PHP (2020) |
₱20.81 Billion PHP (2020) | |
Total assets | ₱609.16 Billion PHP (2020) |
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 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
- Bicol International 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.
Categories:
- Companies based in Cebu City
- Financial services companies established in 1989
- Holding companies of the Philippines
- Companies listed on the Philippine Stock Exchange
- Conglomerate companies of the Philippines
- Financial services companies of the Philippines