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Aboitiz & Company, Inc. is the private holding company in the Philippines of the Aboitiz Family. It traces its roots to the late 1800s starting out as a hemp trading and general merchandise company in Ormoc, Leyte, central Philippines.
The company’s success and growth in hemp trading opened opportunities to enter the transport business. It made good business sense to buy a ship to transport their own goods across the islands. In 1907, the company bought its first vessel, the Picket. Thus began the Aboitiz transport business. The hemp trade continued to flourish and in 1920, Aboitiz & Company was formally incorporated. By then, it had become one of the leading Cebu-based ship owners with 11 vessels. It also had a thriving commercial and trading business.
In 1930, the company ventured into power generation and distribution, and invested in a sugar plantation, a sugar mill, a shipyard and hardware store. The succeeding decades saw the company expand its power generation and distribution business and enter other business ventures, among them, industrial gases, banking and finance, insurance brokerage, food, coconut oil milling, construction, real estate development, oleo chemicals, overseas shipping, crewing and shipbuilding.
Today, together with joint ventures and alliances with domestic and foreign partners, Aboitiz focuses on six major areas, namely: power, banking, food, land development, construction and shipbuilding. Over 60 operating companies with 27,000 team members now make up the Aboitiz Group of Companies.
The publicly-listed holding company of the Aboitiz family is Aboitiz Equity Ventures, which in turn has shareholdings in a number of other listed and privately held companies (see Aboitiz Equity Ventures portion in About Us).
Other core investments under Aboitiz & Company are in shipbuilding, land development and construction.
The Shipbuilding includes Tsuneishi Heavy Industries (Cebu), Inc., a world-class shipbuilder located inside the company’s industrial park in Cebu, central Philippines.
Tsuneishi Heavy Industries (Cebu) Inc. is a joint venture between Aboitiz & Company and Japanese shipbuilder the Tsuneishi Group. Tsuneishi (Cebu) builds bulk carriers of up to 100,000 dead weight tons, car and truck carriers and soon, container ships.
In Construction, the Aboitiz Construction Group is a major player in the country that specializes in civil, industrial facilities installation and steel fabrication works. It is also a leading contractor for roads and bridges.
Aboitiz & Company is also part owner of the world-famous Amanpulo luxury beach resort in Pamilican Island, Palawan.
An integral part of the Aboitiz Corporate Philosophy is its Corporate Social Responsibility institutionalized through the Aboitiz Foundation. Aboitiz companies contribute yearly a percentage of their profits to the Foundation. The Foundation’s areas of focus are on education, enterprise development, primary health- and child-care, and environmental conservation & protection.
In its over a century of doing business, the Aboitiz name has built a reputation that stands for quality products and services. Today, more than ever, all Aboitiz companies move as one in pursuing a strategic direction of focusing on their core competencies, people, customers and systems.
With renewed commitment to carry on the Aboitiz time-honored values of fairness, integrity, trust, and social responsibility, all teams across the Aboitiz Group live up to the ABOITIZ BRAND PROMISE:
Driven to lead, excel and serve,
as one group with one vision.