Gerald Peralta Florence Salazar

These present times, many students especially Business Administration students aims to become an employee, why do you need to be an employee if you can build a business on your own? You don’t need to settle on what is offered, you need to take risk to become successful. In fact, there are many ways to become one, David M. Consunji, a student who is enrolled at University of the Philippinines 1939, a civil engineer who graduated in 1946 and passed the board exam during the same year is an epitome of a good entrepreneur. This study is all about DMCI Holdings Inc. (David M. Consunji Incorporated) founded on December 24, 1954 and incorporated in March 8, 1995. This company consolidates all construction business, construction component companies and related interest of the Consunji Family. It was listed on the Philippines Stock Exchange on December 18, 1995. The researchers have decided to work on this research in order to inspire the students to become one of the successful entrepreneurs here in the Philippines. No one is too poor or too rich in doing Business, as long as your passion is in there, it is not impossible to be successful.

INTRODUCTION

History The story began when a young concrete inspector

learned valuable insights of what construction is all about-the planning, preparation, implementation, and the systems involved and put up his own contracting company bearing his name, DAVID CONSUNJI Civil Engineers and Contractors. Equipped with a vision and dedication to profession, this young inspector in a small room in Pandacan, Manila, DAVID MENDOZA CONSUNJI (DMC) founded D.M.Consunji, Incorporated (DMCI) on December 24, 1954. Starting from constructing chicken houses for the Bureau of Animal Industry, DMCI has earned a reputation for on schedule delivery and quality work.

FINDINGS AND ANALYSIS

David M. Consunji, is the chairman of publicly listed holding firm, DMCI Holdings Incorporated, he was a former secretary of the Department of Public works, Transportation and Communications from 1970 to 1975, during the Marcos administration. Last 2015, Forbes listed him as the 9th richest Filipino, with a net worth of US$3.4 billion. David Consunji founded D.M. Consunji, Inc. in 1954 and has become its Chairman since. In 1995, he established the DMCI Holdings Incorporated to consolidate the businesses. In 1979, Consunji was named Outstanding Citizen of the City of Manila for Engineering. He was also awarded one of the ten outstanding Civil Enginers by the Philippine Institute of Civil Engineers in 1982. Awardee of Knighthood of Saint Sylvester in 1988, in 1993, he was a recipient of Doctor of Laws, honoris causa from the University of the Philippines. In 1994, Consunji was named Meralco Awardee in Engineering and Applied Science. He was also a recipient of the Civil Engineer Diamond Jubile Award conferred by the University of the Philippines Alumni Engineers in 1993, and was named Management Association of the Philippines Awardee in 1996. In 2001, he received The Outstanding Filipino (TOFIL) Awardee for Construction Industry and the UPAA Lifetime Distinguished Achievement Awardee for the 2005, for his invaluable contribution to the development and progress of the country. The hundreds of landmark infrastructure constructed by DMCI symbolize the expertise and professionalism of the Filipino engineer.

THE FOUNDER

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 five operating subsidiaries, namely: D.M. Consunji, Inc. (DMCI), DMCI Project Developers, Inc. (PDI), Semirara Mining and Power Corporation [Semirara (SMPC), DMCI Mining Corporation, and DMCI Power Corporation; and two affiliates namely, DMCI-MPIC Water Company, Inc. and Private Infra Dev Corporation (PIDC).

THE COMPANY

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.

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.

PDI (Project developers, Inc.)

DMCI Homes is the real estate arm of DMCI Holdings, Inc. 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.

A 56%-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.

Is 100%-owned subsidiary engaged in ore and mineral mining and exploration. It was incorporated on May 29, 2007. It has entered into a Memorandum of Agreement 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. Currently it also has a contract mining with Benguet Mining Corporation in Zambales. The mining operation is an open pit extraction of nickel, chromite, and iron laterite for direct shipping.

A 100%-owned subsidiary, 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).

Affiliates:DMWCI (DMCI-MPIC Water Company,

Inc.)

Is a joint venture holding company which holds 92.85 percent of shares in Maynilad Water Service, Inc. (Maynilad), between the Company, Metro Pacific Investments Corporation (MPIC) and Marubeni Corporation Phils. Marubeni's acquisition of 21.54% shareholdings in DMWCI concluded last February 2013 and following this, the economic interest of the Company is now at 25.24%, while MPIC and Marubeni have 52.8% and 20% respectively.

Is a consortium of different local contractors which the Company holds 24% equity interest for the Tarlac-Pangasinan-La Union Expressway (TPLEX) Project. TPLEX is an 88-km two lane toll road with a 35-year concession including 5-year contruction period. It costs a total of Php 19.4 billion including the Php 2.9 billion government subsidy. 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.

PIDC (Private Infra Dev Corporation)