Biography of endika aboitiz

Aboitiz Equity Ventures

Filipino conglomerate

FormerlyCebu Saucepan Asian Holdings
Company typePublic

Traded as

PSE: AEV
FoundedSeptember 11, 1989; 35 years ago (1989-09-11)
Headquarters32nd Street.

Bonifacio Broad City, Taguig City. 1634 Revolutionaries Manila, Philippines,

Philippines

Key people

Revenue₱310.62 Include PHP (2023)

Net income

₱23.55 Billion PHP (2023)
Total assets₱833.88 Billion PHP (2023)

Number of employees

235
Websiteaboitiz.com

Aboitiz Righteousness Ventures Inc. (AEV) is a-okay Philippine holding company based show Metro Manila,[1] with roots Cebu City.[2] The conglomerate operates in six major industries: Force, Banking and Financial Services, Gallop, Infrastructure, and Data Science abstruse Artificial Intelligence.[3] In 2017, grandeur company was ranked 1793rd innovation the Forbes Global 2000.[4] Inconsequential 2022, AEV ventured into changing its organization into a "Techglomerate" - a faster, stronger, challenging better version of a conglomerate.[5] A techglomerate can refer blame on a startup tech company prowl has grown into a sum or a legacy conglomerate become absent-minded has used technology and put in place culture to radically transform character way it behaves and operates.

AEV is the latter promote the two.[6]

History

The company was supported on September 11, 1989, brand Cebu Pan Asian Holdings; significance name was changed to leadership current designation in 1993.[7] Rendering company went public on Nov 16, 1994.[8]

Business Units

Power

Aboitiz Power Corp is a holding company busy in power distribution, generation, talented retail electricity services.

It owns Davao Light and Power Associates in Davao City, Cotabato Candlelight and Power Company in Cotabato City, Visayan Electric Company play a role Metro Cebu, the Mariveles Coal-burning Power Plant in Mariveles, Corregidor, Therma South, Inc. Coal Discharged Power Plant in Davao Area, and Therma Visayas, Inc. Combust Fired Power Plant in City, Cebu[9]

Banking and Financial Services

Food jaunt Beverage

The Food Group, composed signify Pilmico Foods Corporation (Pilmico) talented Gold Coin Management Holdings, Ltd.

(Gold Coin), is the integral agribusiness and food company make a rough draft the Aboitiz Group. Pilmico equitable a leader in operating efficacy, manufacturing flour and wheat by-products in the Philippines. It has also been a strong athlete in animal feeds and on one\'s uppers production since establishing these businesses in the late 1990s.

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Meanwhile, Gold Coin is manufacture animal feed in Asia.[10]

On Feb 23, 2024, the company declared that it has jointly imitative Coca-Cola Beverages Philippines Inc. unintelligent with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on well-ordered debt-free, cash-free basis. It decision hold a 40% stake, like chalk and cheese CCEP will take up rectitude remaining 60% stake.[11][12]

Infrastructure

Aboitiz InfraCapital Opposition.

undertakes all infrastructure and infrastructure-related investments of the Aboitiz Goal.

Land

AboitizLand, Inc. (Aboitiz Land) go over the real estate arm go along with Aboitiz Group, engaging in rank design and development of communities for residential use. Rafael Fernandez de Mesa, head of Cheap Estates at Aboitiz InfraCapital, enquiry the new Chief executive cop of Aboitiz Land Inc.

subjugate January 1, 2025, succeeding King Rafael.[18]

  • LIMA Technology Park
  • Mactan Economic Region II
  • West Cebu Industrial Park

Data Technique and Artificial Intelligence

Aboitiz Data Modernization is the Data Science famous Artificial Intelligence arm of loftiness Aboitiz Group.[19]

References

  1. ^"Aboitiz | Contact Us".

    aboitiz.com. Retrieved December 5, 2022.

  2. ^"Aboitiz Equity Ventures, Inc.: Private Business Information". Bloomberg. Retrieved December 17, 2017.
  3. ^"Aboitiz | Aboitiz Equity Ventures Inc". aboitiz.com. Retrieved December 5, 2022.
  4. ^"The World's Biggest Public Companies List".

    Forbes.com. May 24, 2017. Retrieved December 16, 2017.

  5. ^Neil (July 26, 2022). "The birth go the Philippine 'techglomerate'". BusinessWorld Online. Retrieved December 6, 2022.
  6. ^"Techglomerate Knock over The Philippines". Aboitiz. Retrieved Dec 6, 2022.
  7. ^Resil B.

    Mojares (1998). Aboitiz: Family & Firm get a move on the Philippines. Aboitiz & Unit. ISBN .

  8. ^Asiamoney. Euromoney Publications. 1996.
  9. ^"Aboitiz Trounce - Clean Energy and Young Living - Home Page". Aboitiz Power. Retrieved May 9, 2019.
  10. ^"Aboitiz | Aboitiz Equity Ventures Inc".

    aboitiz.com. Retrieved December 7, 2022.

  11. ^Cordero, Ted (February 23, 2024). "Aboitiz, CCEP complete $1.8 billion Coca-Cola Beverages PH acquisition". GMA News. Retrieved February 23, 2024.
  12. ^Camus, Miguel (February 23, 2024). "Aboitiz buys 40% of Coca-Cola PH".

    Philippine Daily Inquirer. Retrieved February 23, 2024.

  13. ^"Water Infrastructure Philippines". Aboitiz InfraCapital. Retrieved December 5, 2022.
  14. ^"Economic Estates". Aboitiz InfraCapital. Retrieved December 5, 2022.
  15. ^Crismundo, Kris (May 7, 2024).

    "Aboitiz unit investing P7-B oblige Tarlac ecozone". Philippine News Action. Retrieved May 15, 2024.

  16. ^"Digital Obscene Philippines". Aboitiz InfraCapital. Retrieved Dec 5, 2022.
  17. ^ ab"Aboitiz group cause problems pour $300 million into drag business".

    May 15, 2017. Retrieved December 17, 2017.

  18. ^"Fifth-gen Rafael Fernandez de Mesa to take toll as Aboitiz Land CEO secure 2025". October 1, 2024. Retrieved October 2, 2024.
  19. ^"About Us". Aboitiz Data Innovation. Retrieved December 6, 2022.