In 1994, ACO listed Aboitiz Equity Ventures (AEV) on the Philippine Stock Exchange to fund emerging growth opportunities. ACO’s other shareholdings in privately held companies are in construction and shipbuilding. The company has since fully divested its shipping and transportation business.
AEV is the public holding company of the Aboitiz Group with major investments in power, banking and financial services, food, infrastructure, land, and data science and artificial intelligence (DSAI). Today, it is recognized as one of the best-managed companies in the Philippines and in the ASEAN region, consistently cited for its commitment to good corporate governance and corporate social responsibility.
With five generations of success behind it, AEV is currently undergoing a Great Transformation to become the Philippines’ first techglomerate. Amidst this evolution, Aboitiz remains committed to its core mission of driving change for a better world by advancing businesses and communities.
Learn more about how the company, through its strategic business units, is advancing business and communities by visiting our official news website, Aboitiz Eyes.
Aboitiz Power Corporation is a vertically integrated company engaged in power generation, power distribution, and retail electricity services. The company’s Generation Business Group harnesses power from a right-mix portfolio of renewable (hydro, geothermal, and solar) and thermal (coal and oil) sources through 49 generation facilities across the Philippines. Its hydro business unit Hedcor is a pioneer in the development of small to medium hydroelectric power plants and has been an industry leader in renewable energy over the past 40 years.
AboitizPower’s Distribution Business Group is currently composed of eight utilities, including the country’s second and third largest, which supply electricity to high-growth areas in Luzon, Visayas, and Mindanao.
Aboitiz Renewables, Inc. (ARI) was established in 2021 with the aim of becoming a key driver of our renewable energy growth in the next 10 years. That same year, ARI developed a mature pipeline of over three gigawatts (GW) of renewable energy projects comprising solar, wind, hydro, geothermal, and battery energy storage systems (BESS). The growth of the ARI portfolio and the increasing amount of clean energy it produces will play an important role in the decarbonization of the Philippine energy system.
Union Bank of the Philippines (UnionBank) is a publicly listed universal bank considered to be the leading digitally transformed bank in the country. It has always been among the pioneers in banking innovation to deliver superior banking experiences to its customers.
Consistently recognized as one of Asia’s leading companies, UnionBank ranks among the country’s top universal banks in terms of profitability and efficiency. Through its “Tech Up Pilipinas” aspiration, it aims to power the future of banking to best serve the growing needs of Filipinos everywhere.
City Savings Bank (CitySavings) is the thrift bank subsidiary of UnionBank serving the teacher-borrowers’ market and other mass market segments through its various acquisitions. FAIRBank (2016) focuses on micro, small, and medium-sized enterprises (MSME) loans and microfinance; PETNET, Inc. (2018) provides cash and payment-related solutions in its over-3,000 retail outlets, and Bangko Kabayan and Progressive Bank (2020) further serves the MSME segment.
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 foreign exchange, bills payment, airline ticketing, cellphone loads, and micro-insurance.
UBX Philippines (UBX PH) is UnionBank’s wholly owned innovation and technology company that began commercial operations in 2019. It focuses on innovation projects such as investing in financial and information technology companies and platforms, as well as providing technology services to clients. All these are geared towards embedding financial services into people’s everyday experiences and connecting communities to promote financial inclusion in the country.
UnionDigital Bank (UD), UnionBank’s wholly owned digital banking subsidiary, is one of the six digital banking licenses granted by the Bangko Sentral ng Pilipinas (BSP). It was commercially launched on July 18, 2022.
The Food Group, composed of Pilmico Foods Corporation (Pilmico) and Gold Coin Management Holdings, Ltd. (Gold Coin), is the integrated agribusiness and food company of the Aboitiz Group. Pilmico is a leading flour and feeds manufacturer in the Philippines. It comprises four divisions: Flour, Feeds, Farms, and Trading – enabling the growth of its partners through its consistent quality products and unparalleled supporting services.
Meanwhile, Gold Coin is a pioneer in animal nutrition and manufacturing scientifically-based animal feeds in Asia. Together, Pilmico & Gold Coin is one of Asia’s largest privately owned agribusinesses, with over 2,900 partners throughout a multitude of production facilities across eight countries in Asia.
Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, aims to build purpose-driven infrastructure and serve as one of the building blocks of the country’s economy. AIC develops and operates economic estates, water businesses, digital infrastructure, and transport and mobility projects that enable businesses and uplift communities.
The AIC Economic Estates, namely LIMA Estate in Batangas, Mactan Economic Zone II Estate and West Cebu Estate in Cebu, account for over 1,400 hectares of development that are home to 200 locators and around 100,000 employees. These economic zones are complemented by commercial, residential, and institutional components run by Aboitiz affiliates including AboitizLand, AboitizPower, and Aboitiz Construction.
Apo Agua Infrastructura, Inc. seeks to provide the Davao City Water District with 300 million liters of safe drinking water daily for over a million Davao City residents. LIMA Water Corporation provides end-to-end water and wastewater services for LIMA Estate. AIC also owns a minority stake in Balibago Waterworks System, Inc., one of the largest privately-owned waterworks systems in the country, that provides running water to over 280,000 nationwide.
Unity Digital Infrastructure, AIC’s joint venture with Swiss-based global markets firm Partners Group, builds and operates passive telecommunications tower infrastructure across the Philippines to boost the coverage and connectivity of local telecommunications operators. AIC has also diversified into the data center industry through its partnership with EdgeConneX, the pioneer in global Hyperlocal to Hyperscale Data Center Solutions in the United States.
In 2022, AIC entered into a landmark deal to acquire shares in GMR Megawide Cebu Airport Corporation (GMCAC), the developer and operator of the award-winning Mactan Cebu International Airport (MCIA) which will see the company take full control of the airport by 2024.
Republic Cement, AEV’s partnership with global building materials group CRH, operates six facilities nationwide, allowing the company to offer the widest supply footprint to serve the needs of a rapidly developing economy.
For over 25 years, Aboitiz Land, Inc. has been delivering its promise of creating better ways to live through innovative concepts translated into thriving residential communities. The company began its national expansion efforts in 2014 with the acquisition of LIMA Technology Center in Batangas, before shifting its focus towards strengthening its residential business — effectively transferring its industrial and commercial business units under the management of Aboitiz InfraCapital in 2020.
From its first venture in Luzon, the land group has continued to widen its foothold through several residential communities in the region. These include Seafront Residences in San Juan, Batangas, The Villages at Lipa also in Batangas, and Ajoya communities in Central Luzon, strategically located in Cabanatuan, Nueva Ecija, Capas, Tarlac, and Mexico, Pampanga. It also entered the Metro Manila real estate market through its acquisition of Point Blue, which are micro-studio rental apartments located in key business districts.
Aboitiz Land continues its commitment to innovating ways to lead more families home by leveraging on innovation to fuel its growth efforts, acquiring more land to develop, and forging partnerships to maintain market leadership in Cebu while expanding its presence across the country.
In 2021, Aboitiz established Aboitiz Data Innovation (ADI), the Data Science and Artificial Intelligence (DSAI) arm of the Group. ADI operationalizes DSAI across the entire organization to drive operational efficiency and cost savings, strengthen risk management, optimize revenue, and champion sustainability. ADI promotes a data-driven mindset and a culture of innovation. Its primary objectives are to transform data into business outcomes, use information to make better decisions, reinvent business models, and develop high-value solutions to create new processes, products, and services. With professionals from various disciplines making up the team, ADI delivers innovative and sustainable products and solutions to transform businesses and advance communities. It fosters a data-powered future that makes life easier, simpler, and better for all.
Aboitiz Construction, Inc. (ACI) is the privately-held construction company of the Aboitiz Group, with almost 50 years of nationwide track record in heavy industries, light industries, infrastructure, and industrial maintenance. We build for business to prosper and for communities to thrive.
ACI has vast experience in building plants across various sectors, including power, oil & gas, chemical, cement, mining, logistics, and manufacturing. In infrastructure, ACI has successfully completed projects involving transmission lines, substations, land developments, and marine works. ACI also offers maintenance services for the power, cement and mining industries, along with equipment rental.
Our dedicated team of skilled engineers, designers, project managers, and support professionals collaborates closely with clients and stakeholders throughout the entire construction journey. Our mission is clear: to guarantee timely, safe, and high-quality project deliveries.
Tsuneishi Heavy Industries (Cebu), Inc. (THICI) is a joint venture between Japan-based shipbuilder Tsuneishi Group and the Aboitiz Group. Headquartered in Balamban Cebu, THICI specializes in shipbuilding, ship repair, and manufacturing of outfittings for ships and vessels.