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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
Public
Traded asPSEAEV
Founded1989; 30 years ago (1989)
Headquarters,
Key people
Revenue$2,500 million USD (2016)
$487 million USD (2016)
Total assets$8,100 million USD (2016)
Number of employees
267
Websiteaboitiz.com

HistoryEdit

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]

HoldingsEdit

PowerEdit

Banking and Financial ServicesEdit

FoodsEdit

  • Pilmico Foods Corporation (1962)
  • Gold Coin

InfrastructureEdit

  • 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

LandEdit

  • Aboitiz Land, Inc.

ReferencesEdit

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