First Philec is part of the Lopez Group of Companies. Benpres Holdings Corporation is the listed flagship of the Lopez Group of Companies, a conglomerate committed to excellence, and a dominant provider of public services in the Philippines. It has investments in Communications, Utilities, Infrastructure, and Property. Established in 1961 by Don Eugenio Lopez and a group of Filipino entrepreneurs, First Philippine Holdings Corporation has served as the leading private sector Filipino-owned holding company with core investments in power generation, power distribution, and infrastructure. First Philippine Electric Corporation (First Philec) is the intermediate holding company for all manufacturing investments of First Philippine Holdings Corporation (First Holdings). Through First Philec, First Holdings intends to grow its investments in manufacturing to provide a more robust backbone to the country’s economy, one that is founded on technological competitiveness and increased ability to add value to products and manufacturing services for the global market. Strength in Manufacturing Excellence First Philec intends to achieve its growth by building on its core strength in manufacturing operations excellence. The subsidiaries housed under the electrical and electronics divisions have consistently been the leaders in their industries. First Philec is also exploring investments to be housed under a new division as part of its growth strategy.

First Philippine Electric Corporation (FIRST PHILEC) was officially registered at the SEC on July 8, 2004 to serve as an intermediate holding company for all manufacturing investments of its parent, First Philippine Holdings Corporation.

First Philippine Holdings Corporation (FPHC) is one of the Philippines’ largest conglomerates with businesses in power generation, power distribution, real estate, and construction. It belongs to the group of companies under Benpres Holdings Corporation (Benpres), the listed flagship of the Lopez group of companies.

First Philec was mandated by its parent to grow manufacturing into one of the core businesses of FPHC.

First Philec’s subsidiaries are grouped into the Electrical Utilities and Electronics Sectors, with both sectors pursuing parallel growth plans. The operating companies under the divisions offer products and services to the electrical transmission and distribution (T&D) industry as well as to the electronics manufacturing services (EMS) and photovoltaic (PV) or “solar” industries.

To attain core business status, First Philec has set its revenue goal at P15 billion pesos or USD317 million dollars with a net income of P1 billion pesos or USD21 million.