Aboitiz Equity Ventures

Aboitiz Equity Ventures Inc.
Formerly	Cebu Pan Asian Holdings
Type	Public
Traded as	PSE: AEV
Founded	1989
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	$2,500 million USD (2016)
Net income	$487 million USD (2016)
Total assets	$8,100 million USD (2016)
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 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.

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

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[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.