The Aboitiz Group expects a busy year ahead, with growth and expansion to continue, while developing communities.
“Our outlook remains positive and we remain committed to grow and expand our businesses while keeping within our financial and risk parameters. We aim to deliver on our brand promise of advancing business and communities through the various products and services we provide,” Aboitiz Equity Ventures Inc. president and chief executive officer Erramon Aboitiz said in a statement.
AEV and its strategic business units this year aim to spend P77.6 billion in capital expenditures this year amid vibrant growth opportunities at home and abroad.
Aboitiz Power Corp. will continue its balance strategy, developing a mix of technologies that will allow it to deliver energy reliably, reasonably and responsibly. With over 500 megawatts of incoming capacity this year from the Pagbilao Unit 3 facility which came online early this year, to the Manolo Fortich hydropower and Therma Visayas baseload plants scheduled to operate later this year, AboitizPower is on track to hit its goal of 4,000 MW in sellable capacity by 2020. The current net attributable capacity stands at 3,003 MW.
Fueled by local and global accolades, Union Bank of Philippines, meanwhile, plans to sustain its digital innovation initiatives, focusing on the transformation of existing branches. The bank this year is studying the possibility of building 10 “lite” versions of The ARK, UnionBank’s fully-digital concept branch.
Pilmico Foods Corp. will promote the growth of the backyard sector, including venturing into the retail market through the firm’s egg and meat depot in Tarlac, which opened in the fourth quarter last year. Two more depots are currently in the pipeline, with the aim of giving customers direct access to quality Pilmico Farms products.
Aboitiz InfraCapital Inc. will be on the lookout for opportunities in airports and will decide on concrete plans based on actual bidding terms, while Apo Agua’s bulk water supply project is in the final stages of its documentary requirements.