July 26, 2016 1:21 PM ET

Electric Utilities

Company Overview of Aboitiz & Company, Inc.

Company Overview

Aboitiz & Company, Inc. is a holding company that through its subsidiaries operates in power, banking, food, integrated transport and logistics, land development, and construction businesses. Its power business comprises coal-fired, oil-fired, and hydro generation and distribution of power; and banking business consists of provision of loans to individuals, such as salary loans, real estate mortgage or housing loans, loans against savings and time, and car and business loans, as well as deposit products, such as savings accounts. The company’s food business includes the manufacture and distribution of flour products, commercial feed and swine products, and animal-nutrition advice and piglets...

NAC Tower

32nd Street

Bonifacio Global City

Metro Manila

Taguig,  1634

Philippines

Founded in 1920

Phone:

63 2 886 2800

Fax:

63 2 817 3650

Key Executives for Aboitiz & Company, Inc.

Chief Executive Officer and President
Age: 59
Chief Financial Officer and Corporate Information Officer
Age: 45
Chief Operating Officer
Age: 51
Senior Vice President and Director
Age: 62
Senior Vice President and Director
Age: 59
Compensation as of Fiscal Year 2016.

Aboitiz & Company, Inc. Key Developments

Pilmico Foods And Aboitiz Power Are Looking To Expand

Aboitiz & Company, Inc. is gearing up to expand its power and food manufacturing units to take advantage of the opportunities presented by the economic integration of the Association of Southeast Asian Nations (Asean) in 2015. “We are looking outside for both Pilmico Foods and Aboitiz Power. Nothing very firm as of now but there are some very good opportunities we are looking at in Asean,” said Stephen G. Paradies, Chief Financial Officer of Aboitiz Equity Ventures Inc. (PSE:AEV). Paradies said Aboitiz Power Corp. (PSE:AP) “started to look outside” the country given the constraints on the local power sector brought about by the Epira Law. He added that, "The company expects to build about 100 megawatts of power facilities in the Asean region within the year." Paradies added that the firm’s food unit Pilmico Foods Corporation has set its sights on Indonesia and Papua New Guinea after its entry in Vietnam in June 2014 where it acquired a 70 percent interest in aqua feed producer Vinh Hoan 1 Feed JSC for $20 million. “Well, we’re looking at Indonesia and Papua New Guinea. We’ve been looking there, but nothing has materialized yet, but that doesn’t mean we’re going to look at other areas,” he said, "Pilmico’s focus at the moment is to enter Indonesia and Papua New Guinea."

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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