Eei Corp: Past, Present and Future

------------------------------------------------- rechmay_hernandez@yahoo.com ------------------------------------------------- Company History A Pioneer EEI Corporation was incorporated in 1931 by Mr. Rey Parker, a retired officer of the United States Navy, as engineering Equipment & Supply Company ( EESCO) in 1931. The company think on the trading in mill equipment for the mining industry. EESCO in conclusion diversified into the marque fabrication line of merchandise, constructing sea vessels, truck bodies and trailers and morphologic pipes. During the re formula after World War II, the Company move and expanded into the construction of steel structures.It also constructed the first moneymaking(prenominal) foundry in the Philippines equipped to produce carbon steel and manganese castings. In 1964, EESCO changed its name to Engineering Equipment, Inc. (or EEI). Benguet Consolidated, Inc. (now Benguet Corporation and a major mining company) acquired major shareholdings of EESCO in 1959. Then head Jaime V. Ongpin introduced modern management structures and practices in the company, which shaped its future bunk as a construction corporation. His legacy was a figure out vision and spirit, which laid the foundation for the transformation of the company as a modern corporation.

In 1975, the Company ventured into overseas construction in the United Arab Emirates and the Kingdom of Saudi Arabia. Within the year, it listed its shares in the Philippine Stock Exchange, thus becoming a publicly listed company With its success in overseas contracting, EEI diversified in the mid-eighties into ancillary businesses. New subsidiaries, particularly EEI Marine, disjunction Asia International Services, Gulf Asia Travel and EEI Power, were established to balance the companys business portfolio. It also organized the EEI Foundation which was the vehicle for the implementation of its well-disposed responsibility dendeavors. In 1992, the Company changed its name from Engineering Equipment Inc. to EEI... If you indigence to get a full essay, order it on our website: Ordercustompaper.com

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