Lucio Tan

Lucio Tan (born July 17, 1934) is a prominent Chinese Filipino business magnate. In 1970, Tan brought to the country an advanced hog-raising facility from Taiwan and set up Foremost Farms in Tanay, Rizal. The farm now operates on a 146-hectare facility and has an average daily production of 50 metric tons of hogs for the domestic market making it one of the largest hog farms in Southeast Asia.

In 1977, Tan acquired from the Philippine government the defunct General Bank and Trust Company which he renamed Allied Bank.

In 1978, Tan ventured into building and construction when he bought Riverside Steel Inc. which was renamed Grandspan Development Corporation. To date, Grandspan has been involved in the construction of power plants, high rise buildings, bridges, airport terminal and hangars, and other structures.

In 1982, after then President Ferdinand Marcos lifted the ban on the establishment of new beer companies, Tan established Asia Brewery, a beverage company.

In 1985, Tan bought Century Park Hotel.

Twenty-two years after the establishment of his flagship business venture plus a bank, a hotel, a hog-raising farm, a construction company, and a beverage company, it’s time to pay if forward. Tan established the Tan Yan Kee Foundation in 1986 in honor of the late Tan family patriarch. The Foundation’s principal projects are in support of education, culture and sports, research, health, and social welfare, and manpower development.

In 1988, the Lucio Tan Group of Companies acquired Tanduay Distillery, the oldest maker of rum, from the Elizalde Family. Tan and his group launched a plant modernization and expansion program that increased Tanduay’s production by almost 50 times.

Realizing that education is the only way to escape poverty, Tan also heavily invested in education. He bought the University of the East in 1990 and he considers this his biggest feat in promoting education in the country.

In 1993, the country’s national flag carrier, Philippine Airlines joins the list of companies that Lucio Tan controls and manages.

In 1995, he founded yet another company in the aviation industry. The Macro Asia Corporation was envisioned to be the leading provider of aviation and logistics services. This vision has become a reality as Macro Asia Corporation is now the provider of technical ground handling, engineering and maintenance services, and catering services to majority of the international airlines.

In 2000, Tan has become the majority stockholder of Philippine National Bank. The merger of PNB and Allied Bank is expected to be completed before the end of this year.

Other Information

• Real Name: Lucio Tan
• Chinese Name: Tan Eng Tsai
• Birth Place: Amoy, Fujian province, China
• Nickname : El Kapitan
• Born : July 17, 1934
• Wife: Carmen Khao Tan
• Children: 6 children
  • Lucio “Bong” Tan Jr.
  • Vivienne K. Tan
• Schools Attended : Far Eastern University
• Chemical Engineering
• Fortune: self made
• Source: Diversified

Business Interests

• Asia Brewery, the 2nd largest brewer in the Philippines.
• Tanduay Holdings, one of the world’s largest rum makers.
• Fortune Tobacco, the largest tobacco company in the country.
• Philippine Airlines, the Philippines’ Number 1 Airline and Aviation Company and Asia’s FIRST Airline
• University of the East one of the most financially stable universities in the Philippines in terms of assets.
• Philippine National Bank, the 5th largest bank in the country.
• Allied Bank, the Philippines’ 8th largest lender (Merged with Philippine National Bank).
• Eton Properties Philippines, the global real estate brand of the Lucio Tan Group.

Trivia

• He bought the University of the East in 1990
• In 1977, Tan acquired from the Philippine government the defunct General Bank and Trust Company which he renamed Allied Bank.
• In 1985, Tan bought Century Park Hotel
• 2nd Richest Man in the Philippines – Forbes Magazine –2008
• Lucio Tan’s Group of Companies provides jobs to 50,000 people
• He was a known ally of former President Ferdinand Marcos.

Links

• Wikipedia
• Lucio Tan

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