| Type | Public |
|---|---|
| Founded | 1928 |
| Founder(s) | Don Eugenio Lopez Sr. |
| Headquarters |  Quezon City, Manila, Philippines |
| Key people | Oscar M. Lopez: current Chairman and CEO |
The Lopez Group of Companies is a business conglomerate in the Philippines owned by the López family of Iloilo. The current listed flagship company of the Group is Benpres Holdings Corporation, which was first listed on the Philippine Stock Exchange in 1993. Oscar M. Lopez is the Chairman and Chief Executive Officer of the Lopez Group.
Benpres is a major player in the public service and utilities sector in the Philippines. The Group moved out of banking in 1999, selling its shares in PCI Bank. It was first established by the late Don Eugenio Lopez Sr, and after 1986 People Power revolution, the command was transferred to his eldest son, the late Eugenio "Geny" Lopez Jr.
Contents |
Selected Businessess
Media and Communications
- ABS-CBN Broadcasting Corporation: Philippines' first and largest media network. It has expanded and ventured into different subsidiaries and branches through the years.
- Beyond Cable Holdings Inc.: a consolidation including SkyCable (Home Cable and Sky Vision) in an agreement with PLDT Group; signed a debt restructuring agreement in 2004.
- BayanTel Bayan customer satisfaction guarantees.
Utilities
- First Philippine Holdings Corporation: Benpres' power generation and distribution branch. It also handles manufacturing, properties, construction and securities.
Power generation
- First Gen Corporation (First Gen): owns four power plants, Bauang (225MW), Panay (Iloilo City; diesel-fired, 72MW), Sta. Rita (gas-fired, 1000MW), and San Lorenzo (500MW).
- Geothermal: Philippine National Oil Company-Energy Development Corporation (PNOC-EDC). It is currently the Philippines’ largest producer of geothermal energy.
- Gas: First Gas Holdings Corporation (Santa Rita) and FGP. Corp. (San Lorenzo)
- Hydro: FG Hydro Power Corporation (Pantabangan-Masiway) and FG Bukidnon (Agusan mini-hydro)
- Oil: Bauang Private Power Corporation (Bauang)
Power distribution
- Manila Electric Company (Meralco since 1903): bought by Don Eugenio Lopez in 1962, and developed into a pre-eminent power-distributing company, and the first Filipino company to issue bonds on Wall Street.
- Panay Electric Company (PECO): US$72 million diesel-fired power plant in Iloilo City.
Property
- Plantation Bay Cebu Resort and Spa (PBC): founded and owned by Henry Lopez, one of the top 25 resorts in asia, widest and most expensive resort in the Philippines.
- Rockwell Land Corporation (RLC): formed in 1995 to develop the Rockwell Center, a retail and residential property in Makati.
- First Philippine Industrial Park (FPIP): a joint venture with Sumitomo Corporation of Japan, formed in 1996 to develop an industrial park in Batangas.
- First Philippine Realty Corp. (FPRC): was formerly known as INAEC Development Corporation.
Construction
- First Balfour, Inc. (First Balfour)
- First Philippine Industrial Corp. (FPIC)
- Construction K, Inc. (CK)
Manufacturing
- First Philippine Electric Corporation (First Philec): it has entered a joint-venture with SunPower Manufacturing.
- Philippine Electric Corporation (Philec): the country’s pioneer manufacturer of distribution and power transformers.
- First Electro Dynamics Corporation (Fedcor)
- First Sumiden Circuits, Inc. (FSCI)
- First Philippine Power Systems, Inc. (FPPS)
- First Sumiden Realty, Inc.
- First Philec Solar Corporation
Stock Transfer Services
- Securities Transfer Services, Inc. (STSI)
Social Responsibility Foundations
- ABS-CBN Bayan Foundation formerly ABS-CBN bayan Micorofinance
- Bantay Bata 163
- Don Senen Gabaldon Foundation
- Eugenio Lopez Foundation: formed in 1968 to give access to a private collection of books, artworks, and artifacts.
- First Philippine Conservation: formed in 1999 to support Conservation International-Philippines
- Knowledge Channel Foundation
- Meralco Millennium Foundation
- 71 Dreams Foundation: headed by Fr. Tito Caluag, S.J., it was formed to assist the families of the Wowowee stampede.
- Save The La Mesa Watershed
Others
- Generation Next by Raul Rodrigo[1]. EUGENIO H. Lopez had 22 grandchildren—13 of whom now work for the Lopez Group and in time will run it. His grandchildren say that their work today gives them a new way to connect with their grandfather and his values. Don Eugenio has been gone for 34 years, but something of his spirit still remains in the institutions he left behind.
- 80 years of the Lopez Group [2]. In 1928, the Lopez brothers Eugenio and Fernando establish E&F Lopez, the co-proprietorship that will be the seed for the future Lopez Group; at the same time, they take over the management of their two sugar plantations in Negros Occidental. Over the next 10 years, the brothers venture into newspaper publishing, shipping, air and land transport, real estate and movie houses.
Former Businesses
- Maynilad Water Services: it was a joint-venture between Benpres Holdings Corporation and Ondeo Water Services, Inc. (formerly Suez Lyonnaise de Eaux). Benpres left the joint-venture in 2006 in order to settle a debt of US$150 million.
- The Medical City: in April 2008, Benpres sold entire its 18% stake in The Medical City to Lombard for Php600 million.
- Tollways: in 2008, First Philippine Infrastructure Development Corporation (FPIDC) and Manila North Tollways Corporation (MNTC) were sold to Metro Pacific Investment Corporation (MPIC) for Php12.2 billion. MNTC is the concession holder of the North Luzon Expressway (NLEX) and Tollways Management Corporation (TMC).
- Philippine Commercial International Bank (PCIBank): a joint-venture between Benpres and JG Summit Holdings. Both sold their shares in 1999 which gave way to the Equitable PCI Bank merger and eventually became Banco de Oro Universal Bank.
External links
- Benpres Holding Corporation website
- Corporate Timeline
- First Philippine Holdings Corporation
- LopezLink. A monthly publication of the Lopez Group of companies website
 |
This Philippines-related article is a stub. You can help Wikipedia by expanding it. |
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
