Aboitiz Equity Ventures Aboitiz Equity Ventures is a Philippine holding company based in Cebu City . The conglomerate operates in four sectors: consumer goods , utilities, financials, and industrials. In 2017, the company was ranked 1793rd on the Forbes Global 2000 .History The company was founded in 1989 as Cebu Pan Asian Holdings; the name was changed to the current designation in 1993. The company went public on November 16 , 1994.Holdings Power Aboitiz Power Corporation , owns Davao Light and Power Company in Davao City , Visayan Electric Company in Cebu City, the Mariveles Coal-Fired Power Plant in Mariveles, Bataan , Therma South, Inc - COal Fired Power Plant in Davao City, and Therma Visayas, Inc. - Coal Fired Power Plant in Toledo City, Cebu Union Bank of the Philippines City Savings Bank , savings bank of UnionBank PETNET Ramon Aboitiz Foundation Inc.Foods Pilmico Foods Corporation Gold Coin Infrastructure Aboitiz InfraCapital The Republic Cement Group, 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. In 2017, AEV announced it would invest $300 million in the subsidiary to increase capacity. APO Agua Infrastructura Aboitiz Construction, Inc.Real Estate Aboitiz Land, Inc.
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