First Philippine Holdings Corporation
First Philippine Holdings Corporation is a privately held company founded in 1961, based in Pasig City, Philippines, that operates in the Renewable Energy Semiconductor Manufacturing industry. The company emphasizes unity and integrity in its strategy and aims to uplift the Filipino people through various subsidiaries focused on social and environmental justice.
Company Overview
First Philippine Holdings Corporation is a privately held medium-sized business established in 1961. With a team size of 108, the company is headquartered in Pasig City, Philippines. It operates in the Renewable Energy Semiconductor Manufacturing industry and emphasizes unity and integrity in its business strategy. The company aims to uplift the Philippines and its people through excellent service, focusing on social and environmental justice across its various subsidiaries.
Subsidiaries and Operations
First Philippine Holdings Corporation operates multiple subsidiaries across various sectors, including renewable energy, real estate, manufacturing, construction, healthcare, and education. Notable subsidiaries include First Gen Corporation, which owns and operates 30 power plants across the Philippines, and Energy Development Corporation, recognized as the world’s largest vertically-integrated geothermal power producer. Other subsidiaries include Pi Health, Inc., First Industrial Science and Technology College, and Rockwell Land Corporation, each contributing to the company's diverse portfolio.
Renewable Energy Initiatives
First Gen Corporation, a primary holding of First Philippine Holdings, generated 8,000 gigawatt-hours of electricity from its renewable energy plants in 2023. The corporation aims to expand its renewable energy capacity by over 7,000 megawatts by 2030. Additionally, FP Island Energy Corporation focuses on designing and operating smart microgrids powered by hybrid generation systems, contributing to the company's commitment to a decarbonized future.
Education and Community Development
First Philippine Holdings Corporation is committed to education and community development through initiatives like the First Industrial Science and Technology College, which provides relevant technical training. The company also operates the Asian Eye Institute, offering specialized medical services using advanced technologies. These efforts reflect the company's mission to forge collaborative pathways for a regenerative future.
Economic Impact
First Philippine Industrial Park, a subsidiary of First Philippine Holdings, is one of the largest and fastest-growing industrial parks in the Philippines, generating an average of $3.5 billion in annual export sales. This economic contribution highlights the company’s role in promoting industrial growth and development within the region.