DMCI Homes

DMCI Homes
Public (PSE: DMC)
Founded Manila, Philippines in 1995
Founder David Consunji
Headquarters DMCI Homes Corporate Center, Makati, Philippines
Key people
Isidro A. Consunji, Chairman[1]
Alfredo R. Austria, President
Revenue PHP 8.0 billion (approx US$186.05 million USD) (2010)
PHP 1.2 billion (approx US$27.9 million USD) (2010)[2]
Parent DMCI Holdings
Website www.dmcihomes.com

DMCI Homes is the real estate arm of DMCI Holdings[3] through its wholly owned subsidiary DMCI Project Developers, Inc. (PDI). It was incorporated and registered with the Securities and Exchange Commission (SEC) on April 27, 1995. It ranked #146 in the Business World Top 1000 Corporations for 2014.[4]

History

From 1995 to 2008, DMCI Homes was headquartered in Dacon Plaza, 1728 Don Chino Roces Avenue Extension, Makati City, sharing the office with DMCI and Semirara Mining Corporation . Total manpower started at around 75 employees and grew to 600 employees prompting the need to transfer to DMCI Homes Corporate Center in 1321 Apolinario St., Brgy. Bangkal, Makati City (former Intel Building). As of 2012, DMCI Homes’ employees number at around 1,400.

DMCI Homes started its commercial operations in 1999 when it constructed its first Medium Rise Development, the Lake View Manors in Taguig City.

In 2000, the first DMCI Homes hybrid development (Mid- and High-Rise Buildings in a property) is constructed (Hampstead Gardens Condominium). It introduced the Pin Wheel Architectural Design which optimized the flow of fresh air and ambient light into the building.

In 2004, the first themed Medium Rise Development, the Mayfield Park Residences in Rizal, was constructed. It featured Neo-Asian influences in the buildings’ architecture and landscaping.

In 2006, DMCI Homes ventured into leisure residences with the construction of Alta Vista de Boracay in Malay, Aklan. Lumiventt Design Technology is also introduced with the development of Tivoli Garden Residences, Mandaluyong City in the same year.

Holding Firm

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

Affiliates

General Construction

DMCI - a wholly owned subsidiary that is engaged in general construction services – the company’s core business. The subsidiary was founded in 1954.

Some of the landmark infrastructures that DMCI built include:

Investment PDI - another wholly owned subsidiary that is engaged in construction business-generating investments primarily through its significant minority interests in various project and infrastructure development activities. The surge in demand for urban homes inspired DMCI to construct its very own housing projects – DMCI Homes.[5]

Mining

Water

The first privatized water company in the Philippines and Southeast Asia to be ISO certified is a joint venture with three (3) other companies consisting of Biwater, the British water utility specialist, Subic Bay Metropolitan Authority (SBMA), and Olongapo City Water District (OCWD).

Power

Infrastructure

Memberships

The DMCI is a member of the Philippine Green Building Council.

References

  1. Isidro A. Consunji, Chairman http://investing.businessweek.com/research/stocks/people/person.asp?personId=9296552&ticker=DMC:PM&previousCapId=35993135&previousTitle=DMCI%20Homes%2C%20Inc.
  2. DMCI Homes 2010 Financial Highlights http://www.dmcihomes.com/investor-relations.php
  3. DMCI Holdings, Inc. http://www.dmciholdings.com/
    1. 146 in Business World Top 1000 Corporations for 2014 Business World.(2014).Top 1000 Corporations in the Philippines: Economy on the Ascent. (Volume 28, p. 84). New Manila: Business World Publishing Corporation.
  4. DMCI unit to increase authorized capital stock http://www.manilatimes.net/index.php/business/970-dmci-unit-to-increase-authorized-capital-stock
  5. Semirara net income up 2.4% http://business.inquirer.net/58665/semirara-net-income-up-2-4
  6. DMCI-MPIC Joint Venture http://www.abs-cbnnews.com/business/07/06/09/dmci-mpic-water-venture-converts-p28-b-equity
  7. Company Overview of DMCI Power Corporation http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=37783204
  8. DMCI Power eyes off-grid Napocor areas http://www.philstar.com/Article.aspx?articleId=764301&publicationSubCategoryId=
  9. Philippine Equity Movers: First Gen, RFM, Semirara, Union Bank http://www.bloomberg.com/news/2012-04-30/aboitiz-power-alliance-first-gen-philippine-equity-preview.html
  10. Calaca power plant to be formally turned over to DMCI Power http://www.gmanetwork.com/news/story/178372/economy/companies/calaca-power-plant-to-be-formally-turned-over-to-dmci-power
  11. DMCI waives right to more shares in toll road project http://www.abs-cbnnews.com/business/09/04/09/dmci-buy-more-shares-toll-road-consortium
  12. DMCI-SMC venture signs P11.5-B loan for toll road http://businessmirror.com.ph/home/companies/12025-dmci-smc-venture-signs-p115-b-loan-for-toll-road

External links

This article is issued from Wikipedia - version of the 11/8/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.