Aboitiz Equity Ventures (AEV) is a Philippine holding company based in Metro Manila,[1] with roots from Cebu City.[2] The conglomerate operates in six major industries: Power, Banking and Financial Services, Food, Infrastructure, and Data Science and Artificial Intelligence.[3] In 2017, the company was ranked 1793rd on the Forbes Global 2000.[4] In 2022, AEV ventured into transforming its organization into a "Techglomerate" - a faster, stronger, and better version of a conglomerate.[5] A techglomerate can refer to a startup tech company that has grown into a conglomerate or a legacy conglomerate that has used technology and startup culture to radically transform the way it behaves and operates. AEV is the latter of the two.[6]
The company was founded on September 11, 1989, as Cebu Pan Asian Holdings; the name was changed to the current designation in 1993.[7] The company went public on November 16, 1994.[8]
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 leader in operating efficiency, manufacturing flour and wheat by-products in the Philippines. It has also been a strong player in animal feeds and swine production since establishing these businesses in the late 1990s. Meanwhile, Gold Coin is a pioneer in animal nutrition and in manufacturing scientifically-based animal feed in Asia. With the acquisitions of Vinh Hoan Feeds in 2014 and Gold Coin in 2019, the Food Group is currently building capacities and capabilities to sustain profitability and grow its businesses both in the Philippines and in the ASEAN region.[10]
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.[17] In 2017, AEV announced it would invest $300 million in the subsidiary to increase capacity.[17]
AboitizLand, Inc. (AboitizLand) is the real estate arm of Aboitiz Group, engaging in the design and development of distinct communities for residential use.
