Formerly | Cebu Pan Asian Holdings |
---|---|
Company type | Public |
PSE: AEV | |
Founded | September 11, 1989 |
Headquarters | 32nd Street. Bonifacio Global City, Taguig City. 1634 Metro Manila, Philippines, |
Key people |
|
Revenue | ₱223.93 Billion PHP (2021) |
₱27.31 Billion PHP (2021) | |
Total assets | ₱733.61 Billion PHP (2021) |
Number of employees | 285 |
Website | aboitiz |
Aboitiz Equity Ventures (AEV) is a Philippine holding company based in Metro Manila, [1] with roots from Cebu City. [2] The conglomerate operates in six major industries: Power, Banking and Financial Services, Food, Infrastructure, and Data Science and Artificial Intelligence. [3] In 2017, the company was ranked 1793rd on the Forbes Global 2000. [4] In 2022, AEV ventured into transforming its organization into a "Techglomerate" - a faster, stronger, and better version of a conglomerate. [5] A techglomerate can refer to a startup tech company that has grown into a conglomerate or a legacy conglomerate that has used technology and startup culture to radically transform the way it behaves and operates. AEV is the latter of the two. [6]
The company was founded on September 11, 1989, as Cebu Pan Asian Holdings; the name was changed to the current designation in 1993. [7] The company went public on November 16, 1994. [8]
Aboitiz Power Corporation is a holding company engaged in power distribution, generation, and retail electricity services. It owns Davao Light and Power Company in Davao City, Cotabato Light and Power Company in Cotabato City, Visayan Electric Company in Metro Cebu, 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, Cebu [9]
The Food Group, composed of Pilmico Foods Corporation (Pilmico) and Gold Coin Management Holdings, Ltd. (Gold Coin), is the integrated agribusiness and food company of the Aboitiz Group. Pilmico is a leader in operating efficiency, manufacturing flour and wheat by-products in the Philippines. It has also been a strong player in animal feeds and swine production since establishing these businesses in the late 1990s. Meanwhile, Gold Coin is a pioneer in animal nutrition and in manufacturing scientifically-based animal feed in Asia. With the acquisitions of Vinh Hoan Feeds in 2014 and Gold Coin in 2019, the Food Group is currently building capacities and capabilities to sustain profitability and grow its businesses both in the Philippines and in the ASEAN region. [10]
On February 23, 2024, the company announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. It will hold a 40% stake, while CCEP will take up the remaining 60% stake. [11] [12]
Aboitiz InfraCapital Inc. undertakes all infrastructure and infrastructure-related investments of the Aboitiz Group.
AboitizLand, Inc. (AboitizLand) is the real estate arm of Aboitiz Group, engaging in the design and development of distinct communities for residential use.
Aboitiz Data Innovation is the Data Science and Artificial Intelligence arm of the Aboitiz Group. [17]
San Miguel Corporation, abbreviated as SMC, is a Philippine multinational conglomerate headquartered in Mandaluyong, Metro Manila. The company is one of the largest and most diversified conglomerates in the Philippines. Originally founded in 1890, San Miguel has ventured beyond its core business, with investments in various sectors such as food and drink, finance, infrastructure, oil and energy, transportation, and real estate.
Ayala Corporation is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, management, and business process outsourcing. As of November 2015, it is the country's largest corporation in terms of assets ($48.7B).
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests on various sectors, mostly on shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines, being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets, and 86 are SaveMore branches.
AEV may refer to:
Jon Ramon Melendez Aboitiz was a Filipino businessman, and president of the Aboitiz & Company Inc. (ACO) and Aboitiz Equity Ventures (AEV), part of the Aboitiz Group.
JG Summit Holdings, Inc. (JGSHI) is one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated in November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia. In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange.
2GO Air is a logistics and supply chain cargo airline based in Parañaque, Philippines. It operates bulk cargo and express parcel services throughout the Philippines. Its main base is Ninoy Aquino International Airport, Manila. 2GO is operated by the Aboitiz Air Transport Corporation the transport and logistics company owned by Aboitiz Equity Ventures.
The PSE All Shares Index is the stock index in the Philippine Stock Exchange (PSE) in which all of the stocks traded are included in computations of the level of the index. It should not be confused with the PSE Composite Index which is a weighted index of 30 of the top companies on the PSE.
Metro Davao, officially Metropolitan Davao, is a metropolitan area in Mindanao, Philippines. It includes the cities of Davao, Digos, Mati, Panabo, Samal and Tagum and spanned parts of all five provinces of the Davao Region. Metro Davao is one of three metropolitan areas in the Philippines. It is administered by the Metropolitan Davao Development Authority. It is the largest metropolitan region by land area and the second most populous in the Philippines.
GMR Group is an Indian multinational conglomerate headquartered in New Delhi. The group was founded in 1978 by Grandhi Mallikarjuna Rao and comprises several companies including GMR Infrastructure, GMR Energy, GMR Airports, GMR Enterprises. Employing the public-private partnership model, the Group has implemented several infrastructure projects in India. The Group also has a global presence with infrastructure operating assets and projects in several countries including Philippines and Greece.
Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines.
MRC Allied Inc. (MRC) is a property development firm in the Philippines. It is a publicly listed property development firm which has a position in the development of master planned, integrated residential, commercial, recreational, tourism and industrial areas within a single community or township.
DMCI Homes, Inc. is the real estate arm of DMCI Holdings through its wholly owned subsidiary DMCI Project Developers, Inc. (PDI). It was incorporated and registered with the Securities and Exchange Commission (SEC) on April 27, 1995. It ranked #146 in the Business World Top 1000 Corporations for 2014.
2GO or 2GO Sea Solutions, also known as 2GO Travel, is a passenger ferry company based in Manila, Philippines, the shipping and passenger ferry arm of 2GO Group, and the only remaining Manila-based major interisland passenger ferry company, with its main hub located in Pier 4 at the Manila North Harbor.
2GO also known as 2GO Group Inc. is a Philippines-based company engaged in transporting people and cargo using the fleet of inter-island ferries and cargo ships of the former Aboitiz Transport System, which owned the brands SuperFerry, Cebu Ferries and SuperCat—and Negros Navigation. The top two principal shareholders of the 2GO Group are SM Investments Corp, and Trident Investments. The company has the largest infrastructure in the Philippines with over 400,000 TEU capacity, 16 passage and freight vessels, 15,000 containers, 35 warehouses nationwide, 550 trucks, and 7,000 employees.
Megawide Construction Corporation is a Philippine conglomerate, founded in 1997 as a mid-size construction firm by civil engineers Edgar Saavedra and Michael Cosiquien in Quezon City, Philippines. In 2004, the company grew to incorporate assets in engineering, procurement, and construction (EPC), Airport Infrastructure, and Transport-oriented Development. It was listed in the Philippine Stock Exchange in 2011. It is a partner of the Philippine government in flagship infrastructure projects such as Mactan–Cebu International Airport (MCIA), the Parañaque Integrated Terminal Exchange (PITX), the PPP for School Infrastructure Project, and the Clark International Airport Passenger Terminal Building.
Coca-Cola Europacific Partners plc (CCEP), formerly Coca-Cola European Partners (2016–2021) is a British company formed as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG, and one bottling company in Asia-Pacific: Coca-Cola Amatil. The multinational bottling company involved in the marketing, production, and distribution of Coca-Cola products and other drinks such as Capri-Sun, Monster and Relentless.
GNPower Mariveles Energy Center Ltd. Co. is a subcritical coal-fired power plant in Mariveles, Bataan. The 600-MW facility was connected to the Luzon power grid on January 21, 2013. The facility was a joint project of GNPower Mariveles Energy Center Ltd. Co. and AC Energy.
Mactan–Cebu International Airport is an international airport serving Cebu and serves as the main gateway to the Central Visayas region in the Philippines. Located on a 797-hectare (1,970-acre) site in Lapu-Lapu City on Mactan, it is the second busiest airport in the Philippines. Opened on April 27, 1966, the airport serves as a hub for Philippine Airlines, and as an operating base for Cebu Pacific and Philippines AirAsia.
Aboitiz Power Corporation also known as AboitizPower (AP), a subsidiary of Aboitiz Equity Ventures (AEV), is a holding company engaged in power distribution, generation and retail electricity services.