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As of 03/10/2010
12:10 pm
 
COMPANY PROFILE

DMCI Holdings, Inc. (DMCIHI) was incorporated on March 8, 1995 as a holding company to consolidate all construction business, construction component companies and related interests of the Consunji Family. It was listed on the Philippine Stock Exchange on December 18, 1995.

The Company has three major operating subsidiaries, namely: D.M. Consunji, Inc. (DMCI), DMCI Project Developers, Inc. (PDI), and Semirara Mining Corporation [Semirara (formerly Semirara Coal Corporation)], and Atlantic, Gulf, and Pacific Company of Manila, Inc. (AG&P).

Recently, three subsidiaries were established for ore mining, power and water businesses. These are the DMCI Mining Corporation, DMCI Power Corporation and DMCI-MPIC Water Company, Inc.

DMCI, a wholly owned subsidiary, is engaged in general construction services – the Company’s core business. It is also engaged in various construction component businesses such as production and trading of concrete products, and electrical and foundation works. Founded in 1954, DMCI is acknowledged as one of the leaders in the Philippine construction industry, noted for quality projects delivered on time and its pioneering application of advanced engineering methodology.

PDI, another wholly owned subsidiary, is engaged in construction business-generating investments primarily through its significant minority interests in various project and infrastructure development activities. These ventures generate not only investment income but also construction business for DMCI. PDI also seeks strategic partners who will add value and expertise to the various aspects of its project development and implementation.

Semirara, a 59%-owned subsidiary, is a publicly listed company engaged in the exploration, mining and development of coal resources on Semirara Island in Caluya, Antique. It is currenly the Philippines’ largest coal-producing company with a guaranteed long-term market by virtue of its supply contract with the state-run National Power Corporation.

AG&P, a 98%-owned subsidiary, is engaged in heavy steel fabrication, industrial construction, and engineering services.  Established in 1900, it is the oldest and one of the largest in the local industry and caters largely to major oil and gas companies worldwide. 

DMCI Mining Corporation (DMC) is 79%-owned subsidiary engaged in ore and mineral mining and exploration. It was incorporated on May 29, 2007. It has entered into joint venture with Rusina Mining Ltd., a listed company in Australia, in which the Corporation agreed to be the independent contractor to directly undertake the mining operations in the municipalities of Sta. Cruz and Candelaria in Zambales. The mining operation is an open pit extraction of nickel, chromite, and iron laterite for direct shipping.

DMCI Power Corporation (DPC), is 79%-owned subsidiary of DMCIHI, is engaged in the business of a generation company which designs, constructs, invest in, and operate power plants. On January 15, 2007, the National Power Corporation (NPC) awarded to DPC the Masbate Power Generation, one of the small utilities group (SPUG) of NPC. DPC shall cover the take over of the power supply obligation in Masbate with a 15-year Power Supply Agreement with Masbate Electric Cooperative (MASELCO). Masbate Power Generation has a total contract of 13,000 KW of Guaranteed Dependable Capacity (GDC).

DMCI-MPIC Water Company, Inc. (DMWCI), is a 45-55 consortium with Metro Pacific Investments Corporation which owns 83.97% equity at Maynilad Water Services, Inc. (MWSI). MWSI bid was issued by the Metropolitan Waterworks and Sewerage System and it was awarded to DMWC last December 5, 2006 and was formally turned over on January 24, 2007 at Malacanang Palace presided by Her Excellency President Gloria Macapagal-Arroyo.

The Group’s ultimate goal is to play a vital role in the nation’s bid toward progress, inspired by its vision to become an institution in the construction industry committed to the economic and social development of the country.