THE country’s oldest business house, Ayala Corp., is sowing the seeds to become a global player, counting on four of its businesses—manufacturing, water infrastructure, energy and property — to expand its overseas footprint to account for 10 percent of group-wide earnings by 2020.
“These are steps that Ayala has not taken in a long time … Increasingly, we’re taking bolder and bolder steps outside, in nontraditional areas. We’re stretching our capabilities and moving beyond our shores,” Ayala Corp. Chief Executive Officer Jaime Augusto Zobel de Ayala said in a briefing after the company’s stockholders meeting on Friday.
Through AC Industrials, Manila Water, AC Energy and Ayala Land Inc., Zobel said Ayala had built a range of assets in a global setting in complex industries and highly competitive environments.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
