“The demands of a growing nation like the Philippines are evident in infrastructure that’s bursting at the seams and barely keeping up with our people’s needs,” First Philippine Holdings Corporation Chairman Federico R. Lopez said First Balfour’s 50th anniversary celebration.
A subsidiary of FPHC, First Balfour originally began in 1969 as a spin-off of Manila Electric Company’s former power plant and design unit, called the Philippine Engineering & Construction Corporation . First Balfour, as it is known today, emerged after a series of mergers and more name changes spanning almost a decade.
First Balfour President Anthony L. Fernandez credited the company’s long-standing success to its capabilities system.
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