Aboitiz Equity Ventures

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]

Aboitiz Equity Ventures Inc.
FormerlyCebu Pan Asian Holdings
TypePublic
PSE: AEV
Founded1989 (1989)
HeadquartersAboitiz Corporate Center, Gov. Manuel A. Cuenco Avenue, Kasambagan, Cebu City,
Key people
Revenue₱201.2 Billion PHP (2020)
₱29.4 Billion PHP (2020)
Total assets₱588.4 Billion PHP (2020)
Number of employees
267
Websiteaboitiz.com

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

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 Inc.
  • 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.
    • LIMA Technology Park
    • Mactan Economic Zone II
    • West Cebu Industrial Park

References

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