Aboitiz Equity Ventures
“Market Cap $7.02 B As of May 2014
At a Glance
- Industry: Conglomerates
- Founded: 1989
- Country: Philippines
- CEO: Erramon Aboitiz
- Website: www.aboitiz.com
- Employees: 228
- Sales: $1.89 B
- Headquarters: Cebu City
#1725 Global 2000
- #1047 in Profit
- #1472 in Market value
Aboitiz Equity Ventures, Inc. operates as a holding company that engages in management operations of the Aboitiz Group. It operates through the following segments: Power, Food Manufacturing, Financial Services, and Parent Company and Others. The Power segment includes power generation and electricity distribution. The Food Manufacturing segment breeds swine and produces flour and feeds. The Financial Services segment deals with banking operations. The Parent Company and Others segment pertains to the real estate business and the services offered in air transport, ship, and crew management operations. The company was founded on September 11, 1989 and is headquartered in Cebu City, Philippines.“
“Aboitiz Equity Ventures History
Aboitiz & Company, Inc. (ACO) is the private holding company of the Aboitiz family and traces its roots to the late 1800s as a hemp trading and general merchandise company in Ormoc, Leyte, Philippines.
The business grew mainly in the hands of Don Ramon Aboitiz, who headed the company for over 46 years, building an organization guided by the principles of honor, reputation, trust, and integrity.
In 1907, the company acquired a two-engine steamer named ‘The Picket’, which became the mother vessel of the Aboitiz transport business. Over the years, ACO diversified to venture into power generation and distribution, industrial gas, banking and finance, insurance brokerage, food, coconut oil milling, construction, real estate development, oleo chemicals, overseas shipping, crewing, and shipbuilding.
In 1994, to fund its emerging growth opportunities, the Aboitiz family listed Aboitiz Equity Ventures (AEV) on the Philippine Stock Exchange. AEV has shareholdings in a number of other listed and privately held companies.
Along with AEV, ACO’s investments are in construction and shipbuilding.
Metaphil, or the Aboitiz Construction Group, specializes in project management and projects involving large civil works, industrial piping works, electro-mechanical works, and steel fabrication. Trusted for reliability, integrity, safety, and quality (RISQ) and certified for ISO 9001:2008, ISO 14001:2004/Cor 1:2009, and BS OHSAS 18001:2007, Metaphil is recognized both locally and internationally for consistently delivering process-critical engineering, procurement, and construction and fabrication solutions.
Meanwhile, interests under shipbuilding include Tsuneishi Heavy Industries (Cebu), Inc., (THICI), one of the leading shipbuilders in the world and a joint venture with Japan-based shipbuilder Tsuneishi Group. THICI, builds bulk carriers, 180,000 dead weight tons, car and truck carriers, and container ships for clients around the world. It also repairs ships and manufactures outfittings for vessels.
THICI has been ISO 9002 certified by Nippon Kaiji Kyokai since 1998, ISO 9001:2000 since 2002, and ISO 14001 since 2003. These international certifications are a testament to the company’s deep commitment to upholding the highest quality standards to our customers.
With five generations of family and professional management behind its business success, Aboitiz echoes the time-honored philosophy of its patriarch, Don Ramon, the legacy of excellence nurtured and strengthened over the past century.
“The biggest fortune I have is my word and reputation. Money can be lost and can be recovered but once your name and reputation is lost, one’s word is worthless and one is truly finished.”
*Informations from Forbes.com and Aboitiz.com
**Video published on YouTube by “joepesan“