Today, AEV is recognized as one of the best-managed companies in the Philippines and in the region, and is consistently cited for its commitment to good corporate governance and corporate social responsibility.
Today, AEV is recognized as one of the best-managed companies in the Philippines and in the region, and is consistently cited for its commitment to good corporate governance and corporate social responsibility. With five generations of Aboitiz Group business success behind it, AEV is moving forward, pursuing its vision to be a truly sustainable enterprise that can be entrusted to future generations.
Aboitiz Power Corporation, a vertically integrated company engaged in power generation, distribution, and energy supply, is one of the largest private power producers in the Philippines. The Generation Group harnesses power from a right-mix portfolio of renewable (hydro, geothermal and solar) and non-renewable (coal and oil) sources through its 42 generation facilities across the country. The company’s hydro group is the pioneering industry leader in the development of small to medium hydroelectric plants over the past 37 years.
With over 70 years of experience in the power distribution sector, AboitizPower’s Distribution Group is currently composed of 8 utilities, including the nation’s second and third largest, which supply electricity to high-growth areas in Central Luzon, Visayas, and Mindanao. The Group continues to implement innovative and efficient ways to serve the growing needs of over 882,000 customers.
BANKING AND FINANCIAL SERVICES Union Bank of the Philippinesis a publicly listed universal bank that distinguishes itself through superior technology, unique branch sales and service culture, and centralized backroom operations. It is consistently recognized as one of Asia’s leading companies in banking and finance, ranking among the country’s top 10 universal banks in terms of key performance ratios in profitability, liquidity, solvency and efficiency.
City Savings Bank is the thrift bank subsidiary of Union Bank of the Philippines (UnionBank) and a member of the Aboitiz Group. The whole organization is geared towards making the financing experience for the public school teachers easy and convenient, ensuring high touch at any level of customer interaction. It now has 100 branches nationwide.
PETNET is the country's largest Western Union agent network with its 2,200-branch network composed of company-owned and sub-agent locations. In addition, it is geared towards providing complementary products such as money changing, bills payment, airline ticketing, cell phone loads, and micro-insurance.
FOOD Pilmico Foods Corporation, established in 1962, is among the top 3 flour milling companies in the Philippines. A leader in operating efficiency, it manufactures flour and wheat by-products. Pilmico has also been a strong player in animal feeds and swine production since establishing these businesses in the late 1990s. With its commitment to quality products and processes, the company ensures its market competitiveness by increasing customer satisfaction while remaining a low-cost producer. In 2014, the Pilmico Group acquired Vinh Hoan Feeds, an aqua feeds plant in Vietnam, marking the group’s entry into the international market. Pilmico is currently building capacities and capabilities to sustain profitability and grow its businesses both in the Philippines and in the ASEAN region.
LAND Aboitiz Land, Inc. is engaged in the design and development of distinct communities for residential, industrial, and commercial use. After over two decades in operation, it is today one of the country’s most trusted companies in real estate development. It continues to strengthen its position by expanding geographically through landbanking in key growth areas and delivering dream homes and business offices. In 2014, AboitizLand acquired LiMA Land, the developer of the 150-hectare LiMA Technological Center in Batangas. It will continue to grow LiMA Land to build its industrial portfolio across the country. Today, the Land Group is geared towards growth in all of its business units, aiming to become a national player in the land sector.
INFRASTRUCTURE In 2014, infrastructure and infrastructure-related businesses was added as the fifth business leg of the Aboitiz Group. APO Agua Infrastructura, Inc. is a joint venture between AEV and J.V. Angeles Construction Corporation. In March 2015, APO Agua signed an agreement with the Davao City Water District (DCWD) to build one of the country’s largest private bulk water supply project. It will supply DCWD with 300 million liters per day of potable water sourced from the Tamugan to benefit Davao City’s one million residents. Construction of the water facilities will start once all the necessary permits are secured.
In 2015, AEV has partnered with CRH to acquire a majority stake in the operations of Lafarge in the Philippines. This allowed the company to be invested in the nation's second largest local cement manufacturing and distribution group of companies. Relaunched as Republic Cement & Building Materials, Inc. (RCBM), Republic Cement Iligan, Inc. (RCII), Republic Cement Mindanao, Inc. (RCMI), and Republic Cement Services, Inc. (RCSI), our six cement facilities across Luzon, Visayas, and Mindanao produce over 25% of the cement requirements of the country.