Ayala Corporation

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Template:Short description Template:For Template:Use mdy dates Template:Use Philippine English {{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | headquarters | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | subsidiaries | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} Ayala Corporation (Template:Langx, formerly Ayala y Compañía; Template:Literal translation) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines in 1834 by Domingo Ureta Roxas 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 2024, it is ranked by Forbes Global 2000 as the 5th largest corporation in the Philippines, and the 7th largest according to Fortune Southeast Asia 500 in terms of annual revenue.

History

Ayala y Compañía was established in 1876 and traces its origins to Casa Róxas, a partnership established in 1834 between landowner and entrepreneur Domíngo Ureta Róxas and his employee Antonio de Ayala.<ref>Template:Cite book</ref><ref name="cia_reading_room_about_1985_fallout_of_EnZo">https://www.cia.gov/readingroom/docs/CIA-RDP90-00494R001100710133-1.pdf Template:Bare URL PDF</ref> Their enterprise began with the formation of a distillery which became known as the maker of Ginebra San Miguel. Initially named Destileria y Licoreria de Ayala y Compañía , it was known ultimately as the Ayala Distillery Company and was acquired by Carlos T. Palanca, Sr.-owned<ref name="owner_of_LTI">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.

Under the leadership of Colonel Joseph Ralph McMicking - who was married to Mercedes Roxas Zobel-McMicking the company was also responsible for the urban development of Makati after World War II.<ref name="Philstar1">Template:Cite news</ref>

Ayala y Compañía shifted from a partnership to a corporation with the establishment of Ayala Corporation in 1968. It welcomed the minority investment of Mitsubishi Corporation as its strategic partner in 1973<ref name="cia_reading_room_about_1985_fallout_of_EnZo">https://www.cia.gov/readingroom/docs/CIA-RDP90-00494R001100710133-1.pdf Template:Bare URL PDF</ref> -1974.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The Ayala Corporation later became a public company in 1976.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In 2011, the 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.<ref>"Ayala Corp Builds Renewable Energy Portfolio with Run-of-the-River Hydropower" Template:Webarchive, The Philippine Daily Inquirer</ref> 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.<ref>"Asia's best managed companies: Indonesia and the Philippines" Template:Webarchive, Finance Asia</ref>

Attached companies and investments

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Real estate

  • Alveo Land
  • Ayala Land Inc.
    • AyalaLand Logistics Holdings Corp. (ALLHC)
    • Ayala Malls
    • Makati Development Corp. (MDC)
  • AG Holdings, Ltd.<ref>{{#invoke:citation/CS1|citation

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  • Avida Land <ref>{{#invoke:citation/CS1|citation

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  • Amaia Land <ref>{{#invoke:citation/CS1|citation

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  • Roxas Land Corp. - joint venture with Bank of the Philippine Islands and Hongkong Land
  • Regent Wise Investments Limited
    • MCT Consortium Berhad (32.95% ownership, based in Malaysia)
  • Ortigas & Company Limited Partnership - Since November 2014, Ayala and SM Prime Holdings ended their dispute over the ownership of OCLP Holdings, the parent of Ortigas & Company. Ayala has recently sealed a deal with a group led by Ignacio Ortigas for the development of the Ortigas family's land bank area.<ref>{{#invoke:citation/CS1|citation

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  • Ayala-GT Capital - In May 2015, through Ayala's Alveo Land and GT Capital's Federal Land, the two corporations will develop a 45-hectare property in Biñan, Laguna, aimed towards mid-range and high-end markets.<ref>{{#invoke:citation/CS1|citation

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Financial services

Telecommunications

Utilities

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Power and transport

  • Ayala Corporation Energy Holdings, Ltd. - is the power unit of Ayala Corporation, with investments in the development of conventional as well as solar, wind, and mini-hydro energy sources.<ref>{{#invoke:citation/CS1|citation

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    • AF Payments, Inc. (10%) - another consortium between the Ayala Corporation and Metro Pacific Investments Corporation regarding the unified Automated Fare Collection System (Beep card) for Line 1-3, and eventually also for the PNR and other public transport.<ref>{{#invoke:citation/CS1|citation

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    • North Avenue Grand Central station - the Unified Grand Central Station, is an interchange station currently in development by its stakeholders Metro Pacific Corporation, SMC-MRT7 of San Miguel Corporation, SM Prime Holdings, and Ayala Corporation.
    • Entrego (60%) - courier and express parcel management that serve Zalora Philippines.<ref>{{#invoke:citation/CS1|citation

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Manufacturing and automotive

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    • Honda Cars Philippines, Inc. (ending on January 1, 2026) <ref>Template:Cite news</ref>
    • Isuzu Automotive Dealership, Inc.<ref>{{#invoke:citation/CS1|citation

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    • Isuzu Philippines Corporation (IPC) (owns 15%)
    • Volkswagen Philippines <ref>{{#invoke:citation/CS1|citation

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    • Maxus Philippines, Inc <ref>{{#invoke:citation/CS1|citation

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    • Kia Philippines, Inc <ref>{{#invoke:citation/CS1|citation

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    • BYD Auto Philippines <ref>{{#invoke:citation/CS1|citation

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    • Adventure Cycle Philippines, Inc. (KTM Philippines)
    • ACI Solar Holdings North America
      • Merlin Solar Technologies Inc.<ref>{{#invoke:citation/CS1|citation

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    • AC Industrials Singapore
      • Misslbeck Technologies GmbH <ref>{{#invoke:citation/CS1|citation

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Social infrastructure

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    • Healthway Medical Network - Hospitals and clinics network that includes the Healthway Multi-Specialty Clinics, QualiMed Group of Hospitals, FEU Nicanor Reyes Medical Foundation, and the Healthway Cancer Care Hospital <ref>{{#invoke:citation/CS1|citation

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    • Generika Drugstore <ref>{{#invoke:citation/CS1|citation

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    • I.E. Medica Inc. <ref>{{#invoke:citation/CS1|citation

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    • MedEthix Inc. <ref>{{#invoke:citation/CS1|citation

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    • Professional Employment Program (PEP) <ref>{{#invoke:citation/CS1|citation

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    • National Teacher's College (33%)

Nonprofit organizations

  • Ayala Foundation<ref>{{#invoke:citation/CS1|citation

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    • CENTEX<ref>{{#invoke:citation/CS1|citation

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    • Ayala Museum<ref>{{#invoke:citation/CS1|citation

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    • Philippine Development Foundation<ref>{{#invoke:citation/CS1|citation

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    • Ayala Technology Business Incubator<ref>{{#invoke:citation/CS1|citation

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    • Filipinas Heritage Library<ref>{{#invoke:citation/CS1|citation

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    • Ayala Social Initiatives<ref>{{#invoke:citation/CS1|citation

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Business process outsourcing, Logistics and Digital businesses

  • LiveIt Investments, Ltd.<ref>{{#invoke:citation/CS1|citation

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  • Affinity Express<ref>{{#invoke:citation/CS1|citation

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  • HRMall<ref>{{#invoke:citation/CS1|citation

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  • Zalora Philippines

Divestments

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  • Philippine FamilyMart CVS, Inc. - Joint venture with Stores Specialists, Inc., Japan FamilyMart, and Itochu Corporation.<ref>{{#invoke:citation/CS1|citation

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Retirement of Jaime P. Zóbel de Ayala, I

In January 2006, the board of directors publicly announced the decision by Jaime P. Zóbel de Ayala, I 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 M. Zóbel de Ayala, II, succeeded him as chairman and chief executive officer, while his younger son, Fernando M. 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.<ref>"Zobel retires as Ayala chairman," Manila Bulletin, January 2006 {{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

References

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