Jump to content

Ayala Corporation

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by GreenC bot (talk | contribs) at 18:37, 12 September 2024 (Move 1 url. Wayback Medic 2.5 per WP:URLREQ#xyz.reuters.com). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

For its real estate subsidiary, see Ayala Land.

Ayala Corporation
FormerlyAyala y Cía,Ayala y Compañía
Company typePublic company
PSE: AC
IndustryConglomerate
FoundedManila, Captaincy General of the Philippines
1834; 190 years ago (1834)
FoundersDomingo Róxas
Antonio de Ayala
HeadquartersAyala Triangle Gardens Tower 2, Paseo de Roxas cor. Makati Avenue, Makati, Metro Manila, Philippines
Area served
Philippines
Global Presence[1]
  • Americas: United States, Mexico, Cayman Islands, British Virgin Islands (4)
  • Europe: United Kingdom, Germany, Czech Republic, France, Serbia, Bulgaria (6)
  • Middle East: Israel, Saudi Arabia (2)
  • Asia: India, China, Japan, Myanmar, Thailand, Vietnam, Hong Kong, Taiwan, Malaysia, Singapore, Indonesia (11)
  • Oceania: Australia (1)
Key people
Directors[1]
  • Jaime Augusto Zóbel de Ayala (chairman)
  • Cezar P. Consing (President and CEO)[2]
  • Maria Lourdes Heras-de Leon (Former president)
  • Delfin Lazaro (Non-Executive Director)
  • Keiichi Matsunaga (Non-Executive Director)
  • Mercedita S. Nolledo (Non-Executive Director)[3]
  • Antonio Jose U. Periquet (Lead Independent Director)
  • Rizalina G. Mantaring (Independent Director)

Management Committee[1]
  • Jaime Augusto Zóbel de Ayala (advisor)
  • Cezar P. Consing (President and CEO)[4]
  • John Eric T. Francia (ACEN President and CEO)
  • Ruel T. Maranan (Ayala Foundation President)
  • Bernard Vincent O. Dy (Ayala Land President and CEO)
  • Alfredo I. Ayala (iPeople COO)
  • Arthur R. Tan (AC Industrial President and CEO)
  • John Philip S. Orbeta (Chief Human Resources Officer)
  • Jose Teodoro K. Limcaoco (BPI President and CEO)
  • Solomon M. Hermosura (Chief Legal Officer)
  • Jose Rene Gregory D. Almendras (AC Infrastructure President and CEO)
  • Ernest Lawrence L. Cu (Globe President and CEO)
  • Paolo Maximo F. Borromeo (AC Health President and CEO)
  • Alberto M. de Larrazabal (Ayala Chief Finance, Risk, and Sustainability Officer)
  • Francisco Romero Milan (Strategic Adviser for Human Resources)
RevenueIncrease ₱141.6 billion (2021)[5]
Increase ₱36.036 billion (2021)
Total assetsDecrease ₱1.349 trillion (2021)[5]
Total equityIncrease ₱565.3 billion (2021)[5]
Owner
Number of employees
60,150 (2021) [1]
Subsidiaries
List of subsidiaries[1]
Websiteayala.com.ph

Ayala Corporation (Spanish: Corporación Ayala, formerly Ayala y Compañía (Ayala & Company)) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, management, and business process outsourcing. As of November 2015, it is the country's largest corporation in terms of assets ($48.7 billion).

History

Ayala y Compañía was established in 1876 and traces its origins to Casa Róxas, a partnership established in 1834 between Domingo Róxas and Antonio de Ayala.[6] Casa Róxas began with the formation of a distillery which became known as the maker of Ginebra San Miguel. The distillery ultimately known as the Ayala Distillery was acquired by La Tondeña, Inc. in 1929.

In 1888, the company introduced the first tramcar service in the Philippines. The company participated in the construction of the Ayala Bridge over the Pasig River in Manila. Originally built of wood in 1872, the bridge was reconstructed in steel in 1908 to become the first steel bridge in the Philippines. The company was responsible for the urban development of Makati after World War II under the leadership of Col. Joseph Ralph McMicking, who was married to Mercedes Zobel de Ayala.[7]

Ayala y Compañía shifted from a partnership to a corporation with the establishment of Ayala Corporation in 1968 and became public company in 1976.[8] Ayala Corporation welcomed the minority investment of Mitsubishi Corporation as its strategic partner in 1974.[9]

In 2011, Ayala Corporation began building its renewable energy portfolio, beginning with a joint venture with Mitsubishi for solar power and Sta. Clara Power for run-of-the-river hydro power, and the purchase of the iconic Northwind farm for wind power. Ayala will contribute 1000 MW to the Philippine power supply, by 2015.[10] FinanceAsia named Ayala Corporation as the best-managed company in the Philippines in 2010 and 2015, as well as best for corporate governance and best for corporate social responsibility.[11]

Attached companies and investments

Retirement of Jaime Zóbel de Ayala

In January 2006, the board of directors publicly announced the decision by Jaime Zóbel de Ayala to retire as chairman of the corporation by April 2006. The board also announced his appointment as chairman emeritus upon his retirement. His eldest son, Jaime Augusto Zóbel de Ayala, succeeded him as chairman and chief executive officer, while his younger son, Fernando Zóbel de Ayala, has assumed the position of president and chief operating officer. The Zóbel de Ayala family's holding company, Mermac, Inc., continues to hold the controlling stake (49%) in Ayala Corporation.[74]

References

  1. ^ a b c d e Ayala Corp. Building businesses for the greater good (2021 Integrated Report) (Report). Archived from the original on October 31, 2023.
  2. ^ "Disclosure No. 3552-2022 Results of Board Meeting held on September 27 2022 Election of Director Appointment of Officers Changes in the Composition of the Board Committees" (PDF). September 27, 2022. Archived (PDF) from the original on September 27, 2022. Retrieved September 27, 2022.
  3. ^ "Disclosure No. 3552-2022 Results of Board Meeting held on September 27 2022 Election of Director Appointment of Officers Changes in the Composition of the Board Committees" (PDF). September 27, 2022. Archived (PDF) from the original on September 27, 2022. Retrieved September 27, 2022.
  4. ^ "Disclosure No. 3552-2022 Results of Board Meeting held on September 27 2022 Election of Director Appointment of Officers Changes in the Composition of the Board Committees" (PDF). September 27, 2022. Archived (PDF) from the original on September 27, 2022. Retrieved September 27, 2022.
  5. ^ a b c d Ayala Corp. Ayala Corp.'s 2021 Annual Report (SEC-17A) (Report). Archived from the original on May 7, 2022.
  6. ^ Borja, Marciano (May 1, 2005). Basques in the Philippines. Nevada: University of Nevada Press. p. 124. ISBN 0874175909. Retrieved June 6, 2014.
  7. ^ Jamora-Garceau, Therese (October 6, 2017). "Ayala unveils McMicking memorial in Makati". Philstar.com. Archived from the original on November 7, 2023. Retrieved October 27, 2023.
  8. ^ Cruz, Nicole (September 22, 2019). "The Milestones That Made Ayala Corporation One of the Largest Conglomerates in the Country". Esquire Philippines. Archived from the original on May 25, 2022. Retrieved May 8, 2022.
  9. ^ Gonzales, Iris (March 16, 2018). "Mitsubishi eyes more collaboration with Ayala Group". The Philippine Star. Archived from the original on May 10, 2022. Retrieved May 10, 2022.
  10. ^ "Ayala Corp Builds Renewable Energy Portfolio with Run-of-the-River Hydropower" Archived April 23, 2011, at the Wayback Machine, The Philippine Daily Inquirer
  11. ^ "Asia's best managed companies: Indonesia and the Philippines" Archived May 11, 2011, at the Wayback Machine, Finance Asia
  12. ^ "Charles H. Cosgrove J.D.: Executive Profile & Biography - Businessweek". Businessweek.com. February 10, 2024.[dead link]
  13. ^ "Philippine Ayala Corp eyes Chinese, Indian real estate markets_English_Xinhua". Xinhuanet.com. Archived from the original on April 8, 2009.
  14. ^ "Avida Properties in Vermosa Cavite, Avida Verra Settings". avidaverrasettings.com. Archived from the original on January 29, 2020. Retrieved January 29, 2020.
  15. ^ "Amaia Properties in Vermosa Cavite, Amaia Series in Vermosa Cavite". ayala-amaialand.com. Archived from the original on January 29, 2020. Retrieved January 29, 2020.
  16. ^ "Japan's Mitsubishi taps Ayala Land for Ortigas property venture". Interaksyon.com. Archived from the original on May 2, 2014. Retrieved June 28, 2014.
  17. ^ "Ayala Land, Ortigas group seal P15B deal". Thedailyguardian.net. Archived from the original on July 3, 2012.
  18. ^ "Why Ayala, Aboitiz, Sy, Tan formed 'Team Trident'". Abs-cbnnews.com. Archived from the original on February 27, 2015.
  19. ^ Cathy Yang. "DPWH mulls bid submission extension for Laguna Lakeshore PPP". Abs-cbnnews.com. Archived from the original on October 3, 2015. Retrieved October 16, 2015.
  20. ^ Piad, Tyrone Jasper C. "'End of an era': Ayala exits Manila Water". inquirer.net. Philippine Daily Inquirer Group. Retrieved August 4, 2024.
  21. ^ "Ayala unit seeks regulatory approval for capital hike | Top Business News". The Manila Times. Archived from the original on February 3, 2012. Retrieved May 10, 2012.
  22. ^ "Archived copy" (PDF). Archived from the original (PDF) on August 2, 2012. Retrieved May 10, 2012.{{cite web}}: CS1 maint: archived copy as title (link)
  23. ^ Remo, Amy R. (February 3, 2013). "AC Energy of Ayala group to invest $200M in 2013". Inquirer.net. Archived from the original on December 14, 2013. Retrieved December 19, 2013.
  24. ^ Kathleen A. Martin. "Ayala Corp. allots up to $700-M for energy projects". Abs-cbnnews.com. Archived from the original on January 5, 2014. Retrieved December 19, 2013.
  25. ^ "Ayala to build 405-MW plant". Manilastandardtoday.com. Archived from the original on October 21, 2016. Retrieved October 21, 2016.
  26. ^ Camus, Miguel R. (July 10, 2014). "Gov't expected to award P65-B LRT project to Ayala-MPIC group next week". Inquirer.net. Archived from the original on July 15, 2014. Retrieved July 14, 2014.
  27. ^ Agcaoili, Lawrence. "Gov't, MPIC-Ayala sign deal for MRT-LRT single ticket system". Philstar.com. Archived from the original on July 15, 2014. Retrieved July 14, 2014.
  28. ^ "Ayala Corp enters logistics business with Entrego". October 25, 2018. Archived from the original on September 29, 2019. Retrieved April 26, 2019.
  29. ^ "Ayala Corp. posts P7.3B net in first 9 mos., up 7%". Gmanetwork.com. November 11, 2011. Archived from the original on April 23, 2024. Retrieved May 11, 2012.
  30. ^ OECD, Organisation for Economic Co-operation and Development (2001). Corporate Governance In Asia: A Comparative Perspective. OECD Proceedings Series. OECD Publishing. ISBN 9789264183285.
  31. ^ "Integrated Micro-Electronics, Inc. (IMI) - IMI". Global-imi.com. Archived from the original on October 26, 2014. Retrieved October 20, 2014.
  32. ^ Mercurio, Richmond S. "Ayala-led IMI aims for billion dollar revenues". Philstar.com. Archived from the original on October 21, 2014. Retrieved October 20, 2014.
  33. ^ "Honda Cars Makati Inc. -". Archived from the original on July 22, 2016. Retrieved July 9, 2016.
  34. ^ "Our Company :: Honda Cars Philippines, Inc". Archived from the original on August 30, 2011. Retrieved June 8, 2011.
  35. ^ "Jaime Zobel de Ayala | Pinoy Profile". Archived from the original on February 4, 2012. Retrieved May 11, 2012.
  36. ^ "Honda Cars Cebu Inc". Hondacebu.com.ph. Archived from the original on July 18, 2018. Retrieved July 18, 2018.
  37. ^ "Our Story of Isuzu Philippines – Isuzu Philippines". Archived from the original on May 14, 2011. Retrieved June 8, 2011.
  38. ^ "Library unavailable - 0007". Myvirtualpaper.com. Archived from the original on August 18, 2016. Retrieved May 11, 2012.
  39. ^ "Ayala Corporation (PSE:AC)". The Philippine Builder. Archived from the original on June 15, 2013.
  40. ^ Liza Reyes. "Ayala group brings back VW; Beetle in 2014". Abs-cbnnews.com. Archived from the original on October 3, 2013. Retrieved February 2, 2014.
  41. ^ "China's Maxus enters Philippines auto market". philstar.com. Archived from the original on June 7, 2019. Retrieved June 7, 2019.
  42. ^ "Ayala conglomerate takes over Kia in PH". The Philippine STAR. Archived from the original on October 19, 2023. Retrieved September 9, 2023.
  43. ^ "China's BYD strikes deal with Ayala to sell EVs in Philippines". Archived from the original on September 9, 2023. Retrieved September 9, 2023.
  44. ^ Dumlao-Abadilla, Doris (February 26, 2018). "Ayala buys Silicon Valley-based solar tech firm". Business.inquirer.net. Archived from the original on August 1, 2018. Retrieved July 18, 2018.
  45. ^ "Ayala buys German auto parts maker MT Misslbeck Technologies". Nikkei Asian Review. Archived from the original on July 18, 2018. Retrieved July 18, 2018.
  46. ^ "AC Health". achealth.com.ph. Archived from the original on March 12, 2024. Retrieved March 12, 2024.
  47. ^ "Healthway Medical Network". healthwaymedicalnetwork.com.ph. Archived from the original on August 29, 2023. Retrieved July 9, 2023.
  48. ^ "Generika Drugstore". generika.com.ph. Archived from the original on October 17, 2023. Retrieved October 20, 2023.
  49. ^ "I.E. Medica". iemedica.com.ph. Archived from the original on March 12, 2024. Retrieved March 11, 2024.
  50. ^ "MedEthix". medethix.com.ph. Archived from the original on March 12, 2024. Retrieved March 11, 2024.
  51. ^ "KonsultaMD". konsulta.md. Archived from the original on February 8, 2024. Retrieved February 15, 2024.
  52. ^ "Ayala Education, Inc. Invests in University of Nueva Caceres | Ayala Group News Center". July 31, 2015. Archived from the original on July 31, 2015.
  53. ^ "APEC". Pearson PLC. Archived from the original on August 8, 2014. Retrieved August 4, 2014.
  54. ^ "Tuition in new private schools: 'P65 a day'". Rappler.com. May 16, 2014. Archived from the original on May 20, 2014. Retrieved August 4, 2014.
  55. ^ "PEP - Professional Employment Program". Ayalaeducation.com. Archived from the original on July 18, 2018. Retrieved July 18, 2018.
  56. ^ "In Honor of the Iconoclast | The Manila Bulletin Newspaper Online". Manila Bulletin. Archived from the original on September 4, 2012. Retrieved May 10, 2012.
  57. ^ "Archived copy". Archived from the original on September 8, 2012. Retrieved May 10, 2012.{{cite web}}: CS1 maint: archived copy as title (link)
  58. ^ "The Ayala Museum Makati City". Archived from the original on January 28, 2013. Retrieved May 10, 2012.
  59. ^ "PhilDev USA: AF-USA Renamed Philippine Development Foundation". Archived from the original on November 23, 2010. Retrieved May 10, 2012.
  60. ^ "Brain Gain Network - Institutions - Ayala Foundation TBI (Technology Business Incubator)". Archived from the original on May 26, 2012. Retrieved May 10, 2012.
  61. ^ INQUIRER.net (February 25, 2012). "Cultural advocate to speak at Filipinas Heritage Library's workshop". Inquirer.net. Archived from the original on March 4, 2016. Retrieved May 10, 2012.
  62. ^ "Can business 'do good' in bad times? - INQUIRER.net, Philippine News for Filipinos". Archived from the original on March 3, 2009. Retrieved May 10, 2012.
  63. ^ "BusinessWorld - Ayala subsidiary exits BPO company". Bworldonline.com. Archived from the original on July 18, 2018. Retrieved July 18, 2018.
  64. ^ Pamintuan, SKETCHES By Ana Marie. "Strength in unity". Philstar.com. Archived from the original on October 11, 2016. Retrieved October 21, 2016.
  65. ^ Miguel R. Camus. "Ayala's BPO unit expects to post profit as it expands". Abs-cbnnews.com. Archived from the original on May 12, 2012. Retrieved May 10, 2012.
  66. ^ "${Instrument_CompanyName} ${Instrument_Ric} Key Developments". Reuters.com. Retrieved July 18, 2018.
  67. ^ "Ayala BPO unit buys LA outsourcing firm". Yahoo.com. Archived from the original on July 19, 2012.
  68. ^ "EDITORYAL - Kulang na naman ang mga classroom?". Philstar.com. Archived from the original on October 11, 2016. Retrieved October 21, 2016.
  69. ^ "Integreon buys Grail Research; eyes more". Reuters.com. November 13, 2009. Archived from the original on July 19, 2018. Retrieved July 5, 2021.
  70. ^ "Ayala-SSI joint venture mulling options for FamilyMart business | InterAksyon". Archived from the original on October 27, 2017. Retrieved October 27, 2017.
  71. ^ "SM, Makro sued over billboard contract". ABS-CBN Corporation. February 1, 2010. Archived from the original on November 28, 2022.
  72. ^ "Ayala Corp.'s LiveIt and partners sell stake in Stream Global to Convergys". Gmanetwork.com. January 7, 2014. Archived from the original on July 18, 2018. Retrieved July 18, 2018.
  73. ^ Gonzales, Iris (August 10, 2023). "Villar Group completes acquisition of MCX". The Philippine Star. Archived from the original on August 10, 2023. Retrieved August 11, 2023.
  74. ^ "Zobel retires as Ayala chairman," Manila Bulletin, January 2006 "Zobel retires as Ayala chairman in April | the Manila Bulletin Newspaper Online". Manila Bulletin. Archived from the original on May 11, 2011. Retrieved September 16, 2010.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Ayala_Corporation&oldid=1245386844"