THE Aboitiz Group remains committed to achieving its goal of becoming a 'techglomerate' on Monday, detailing initiatives expected to fuel growth.'Empowered by the fusion of technology and innovative thinking, the Aboitiz Group is going full-speed ahead with our Great Transformation, charting an audacious course towards boundless growth,' Aboitiz Group President and CEO Sabin Aboitiz told a briefing where senior executives of the group's business units were also present.
Among others, data science and artificial intelligence (AI) unit Aboitiz Data Innovation will be hosting a national AI summit next in partnership with sister firms Aboitiz Equity Ventures and Union Bank of the Philippines.Aboitiz Power Corp., meanwhile, is pursuing plans to secure 4,600 megawatts (MW) of renewable energy capacity by 2030.
The firm was said to currently have over 1,000 MW of ongoing and disclosed clean energy projects, including the 17-W Tiwi Binary Geothermal Power Plant, 94-MW Cayanga-Bugallon solar facility, and the 167-MW Laoag solar facility.
These will be complemented by investments in battery energy storage systems such as SN Aboitiz Power's (SNAP) soon-to-be commercially operational 24-MW Magat Battery in Isabela and the 49-MW Maco Battery in Davao de Oro.As for Aboitiz InfraCapital Inc., LIMA Tower One — the first of seven office buildings in the 30-hectare LIMA Central Business District — was recently topped off and is set to be completed by February next year.
The West Cebu Estate, meanwhile, will also expand its industrial area by 39 hectares and create 14,000 new employment opportunities.Integration with Aboitiz Data Innovation to enhance the operations of the Mactan-Cebu International Airport is also being explored.Aboitiz InfraCapital has also submitted an unsolicited proposal to PhilHealth, in partnership with Unisys, to digitalize the agency's claims procedures.Aboitiz Construction Inc. for its part, has started construction of a 3,000-square meter warehouse and 18,337 square meter land development work for El Colono del Oeste Inc. inside the LIMA Estate.
The firm has also been tapped to handle two-year site development works for a 7-hectare industrial lot in LIMA.For AboitizLand Inc., the goal is to harness property technology.
This includes a strategic partnership with Sumitomo Mitsui Construction Corp. Philippines and Connovate Philippines to introduce precast concrete panel technology, which is already being used in AboitizLand communities The Villages at Lipa and Seafront Residences.AboitizLand will launch fresh inventories, including a new phase of Priveya Hills in Cebu City and a cluster of mid-rise buildings in Lipa City, this year.For Pilmico Foods Corp., the integrated food and agribusiness arm of Aboitiz, this year's plans include expansions in Yunnan, China, and in Long An, Vietnam.