Amado Guerrero
July 30, 1970
Top U.S. Firms in the Philippines (1970)
| FIRMS (Mother firm in parenthesis) | ASSETS | U.S.
Owner-
ship
% |
| |
| 1. | First National City Bank
(First National City Corporation, N.Y.) | 712,754,952 | 100 |
| 2. | The Philippine American Life Insurance | 527,331,000 | N.A. |
| 3. | Caltex Philippines, Incorporated
(Caltex Petroleum Corporation) | 502,547,219 | 100 |
| 4. | Atlas Consolidated Mining and Development Corporation | 469,292,118 | 54 |
| 5. | Benguet Consolidated, Incorporated | 319,891,228 | 68.7 |
| 6. | ESSO Philippines, Incorporated
(Esso Eastern, Incorporated) | 301,109,521 | 100 |
| 7. | Marcopper Mining Corporation | 299,394,279 | 41 |
| 8. | Bataan Refining Corporation
(Esso Philippines, Mobil Petroleum) | 270,997,377 | 100 |
| 9. | Mobil Oil Philippines, Incorporated
(Mobile Petroleum Company) | 269,050,825 | 100 |
| 10. | Bank of America
(Bank of America, San Francisco) | 257,013,200 | 100 |
| 11. | Dole Philippines, Incorporated
(Castle & Cook, Incorporated) | 240,037,273 | 100 |
| 12. | Filoil Refinery Corporation
(Gulf Oil Corporation) | 193,262,077 | 67 |
| 13. | A. Soriano y Compania | 142,487,513 | 100 |
| 14. | USIPHIL, Incorporated | 119,007,857 | 100 |
| 15. | Granexport Corporation | 116,199,090 | 100 |
| 16. | Philippine Packing Corporation
(Del Monte Corporation) | 107,030,747 | 100 |
| 17. | International Harvester MacLeon, Incorporated
(International Harvester Company) | 103,232,041 | 100 |
| 18. | BF Goodrich Philippines, Incorporated
(The BF Goodrich Company) | 97,569,000 | 100 |
| 19. | Standard (Philippines) Fruit Corporation
(Standard Fruit and Steamship Company) | 85,701,142 | 66 |
| 20. | Pepsi-Cola Bottling Company of the Philippines, Inc.
(Pepsi Co. N.Y.) | 85,680,153 | 100 |
| 21. | Bislig Bay Lumber Company, Incorporated | 81,682,161 | 56 |
| 22. | Ford Philippines, Incorporated
(Ford Motor Company) | 80,000,949 | 100 |
| 23. | Union Carbide Philippines
(Union Carbide Corporation, NY ) | 79,972,183 | 100 |
| 24. | Procter & Gamble, PMC
(The Procter & Gamble Company) | 75,957,104 | 100 |
| 25. | Honiron Philippines, Incorporated
(Honolulu Iron Works) | 73,872,656 | 100 |
| 26. | Legaspi Oil, Incorporated | 71,029,761 | 83 |
| 27. | Firestone Tire & Rubber Company
(Firestone Tire 8 Rubber Company) | 60,245,528 | 75 |
| 28. | The Goodyear Tire & Rubber Company of the Philippines
(Goodyear International Corporation) | 60,045,425 | 100 |
| 29. | General Milk Company (Philippines), Incorporated
(General Milk Company California USA) | 58,428,756 | 74 |
| 30. | Theo H. Davies & Company Far East, Limited
(Theo Davies & Company Far East Limited) | 57,729,757 | 90 |
| 31. | Pepsi-Cola Far East Trade Development Company, Incorporated | 56,669,988 | 100 |
| 32. | Kimberly-Clark Philippines, Incorporated
(Kimberly-Clark Corporation) | 53,521,708 | 95.8 |
| 33. | Republic Glass Corporation
(Castle & Cooke, Incorporated) | 52,505,634 | 55 |
| 34. | Singer Sewing Machine Company
(Singer Sewing Machine Company) | 49,661,858 | 100 |
| 35. | California Manufacturing Company, Incorporated
(CPC International, Incorporated) | 44,647,581 | 100 |
| 36. | Reynolds Philippines Corporation
(Reynolds International Corporation) | 43,729,359 | 51 |
| 37. | Phelps Dodge Philippines, Incorporated
(Phelps Dodge Corporation) | 42,770,511 | 61 |
| 38. | General Telephone & Electronics Industries, Inc.
(General Telephone & Electronics International Inc.) | 42,099,981 | 100 |
| 39. | IBM Philippines, Incorporated
(IBM World Trade Corporation) | 41,614,319 | 100 |
| 40. | Mead Johnson, Philippines, Incorporated
(Bristol-Myers Company, N.Y. ) | 40,794,651 | 100 |
| 41. | Colgate-Palmolive Philippines Incorporated
(Colgate-Palmolive Peet Company) | 39,693,860 | 100 |
| 42. | Chrysler Philippines, Incorporated
(Chrysler International) | 38,253,870 | 100 |
| 43. | Zamboanga Wood Products, Incorporated
(Boise Cascade Corporation) | 37,725,588 | 86 |
| 44. | Getty Oil (Philippines), Incorporated
(Getty Oil Company) | 33,864,946 | 100 |
| 45. | Weyerhaeuser Philippines, Incorporated
(Weyerhaeuser, Incorporated) | 30,079,907 | 100 |
| 46. | Hawaiian-Philippine Company | 29,090,015 | 98 |
| 47. | Engineering Equipment, Incorporated
(Benguet Consolidated, Incorporation) | 29,001,100 | 93 |
| 48. | Coca-Cola Export Corporation
(Coca-Cola Export Corporation) | 27,965,942 | 100 |
| 49. | Scott Paper Philippines, Incorporated
(Scott Paper Company) | 27,404,580 | 100 |
| 50. | San Carlos Milling | 26,999,564 | 66 |
| 51. | Boise Cascade Philippines, Incorporated
(Boise Cascade Corporation) | 26,821,136 | 100 |
| 52. | American Wire & Cable Company, Incorporated | 25,845,087 | |
| 53. | Columbian Carbon Philippines, Incorporated
(Cities Service Company) | 24,291,304 | 79 |
| 54. | General Electric Philippines, Incorporated
(General Electric) | 24,064,310 | 100 |
| 55. | Philippine Appliance Corporation
(Westinghouse Electric) | 23,916,000 | 56 |
| 56. | Gelmart Industries Philippines, Incorporated
(Gelmart Knitting Mills, Incorporated) | 23,575,947 | 99 |
| 57. | Connell Brothers Company
(Philippines) (Wilbur-Ellis) | 23,341,962 | 100 |
| 58. | The Edward J. Nell Company | 23,047,597 | 60 |
| 59. | Aircon, Incorporated | 22,535,531 | 90 |
| 60. | Consolidated Philippines, Incorporated
(Consolidated Dairy Products Company) | 22,070,393 | 51 |
| 61. | Insular Lumber Company (Philippines), Incorporated | 20,439,300 | 97 |
| 62. | Borden Chemicals Company (Philippines), Incorporated
(Borden International) | 20,220,213 | 98 |
| 63. | Pfizer, Incorporated N.Y.
(Pfizer, Incorporated N.Y.) | 19,118,979 | 100 |
| 64. | Erlanger & Galinger
(The National Cash Register Company) | 19,114,764 | 70 |
| 65. | Winthrop-Stearns, Incorporated
(Winthrop-Stearns, Incorporated) | 19,057,144 | 100 |
| 66. | Minnesota (3M) Philippines, Incorporated
(Minnesota Mining & Manufacturing) | 18,211,912 | 100 |
| 67. | Philippine Electrical Manufacturing Company | 18,205,009 | 60.6 |
| 68. | Bogo-Medellin Milling Company, Incorporated | 17,913,039 | 92 |
| 69. | Kodak Philippines, Limited (Eastman Kodak) | 17,909,281 | 100 |
| 70. | E.R. Squibb & Sons Philippines, Corporation
(E.R. Squibb & Sons Incorporated) | 16,376,832 | 100 |
| 71. | Johnson & Johnson (Philippines) Incorporated
(Johnson & Johnson International) | 16,132,171 | 99 |
| 72. | Franklin Baker Company of the Philippines
(General Foods Corporation) | 15,940,162 | 96 |
| 73. | Groiler International, Incorporated
(Grolier Incorporated) | 15,871,870 | 100 |
| 74. | Warner Barnes & Company Limited | 15,452,528 | |
| 75. | Bristol Laboratories (Philippines, Incorporated)
(Bristol Laboratories, International) | 15,214,289 | 100 |
| 76. | Macondray & Company, Incorporated | 15,162,241 | 99.9 |
| 77. | American International Underwriters (Philippines), Incorporated | 15,088,065 | 100 |
| 78. | Philippine Remnants Company, Incorporated | 15,073,098 | 100 |
| 79. | Muller & Philipps (Manila) Limited
(Muller & Philipps,New York) | 14,572,589 | 100 |
| 80. | Findlay-Millar Timber Company | 14,344,035 | 100 |
| 81. | Wrigley Philippines Incorporated
(William Wrigley Company) | 14,283,864 | 100 |
| 82. | Ault & Wiborg Company (Far East)
(Inmon Corporation) | 14,115,807 | 100 |
| 83. | Burroughs Limited (Philippine Branch)
(Burroughs Limited) | 13,580,687 | 99 |
| 84. | Abbott Laboratories (Philippines)
(Abbott Universal, Limited) | 13,521,124 | 100 |
| 85. | Richardson-Merell (Philippines), Incorporated
(Richardson-Merell, Incorporated) | 12,886,225 | 100 |
| 86. | Singer Industries Philippines, Incorporated
(Singer Sewing Machine Company) | 12,758,711 | 99 |
| 87. | Inhelder-Don Baxter Laboratories, Incorporated
(American Supply Corporation) | 12,530,967 | 99.9 |
| 88. | Everett Steamship Corporation | 12,254,355 | 63 |
| 89. | National Lead Company (Philippines) Incorporated
(National Lead Company) | 11,806,904 | 51 |
| 90. | Manila Cordage Company (Tubbs Cordage Company) | 11,730,168 | 95 |
| 91. | Edward R. Bacon Company, (Philippines) Incorporated | 11,263,694 | 100 |
| 92. | Warner-Chilcott Laboratories Incorporated
(Warner-Lambert Pharmaceutical) | 11,097,651 | 99 |
| 93. | Wyeth-Suaco Laboratories Incorporated
(Wyeth Laboratories, Corporation) | 10,868,277 | 90 |
| 94. | San Pablo Manufacturing Corporation | 10,766,475 | 100 |
| 95. | Parke Davis & Company, Incorporated
(Parke Davis & Company) | 10,003,283 | 100 |
| 96. | Inhelder Corporation | 9,988,281 | 99.9 |
| 97. | Merck, Sharp & Dohme (Philippines), Incorporated
(Merck & Company, Incorporated) | 9,460,582 | 100 |
| 98. | Philippine Acetylene Company Incorporated | 8,907,284 | 98 |
| 99. | Air Mac Philippines, Incorporated
(Air Mac International Corporation) | 8,760,743 | 100 |
| 100. | Lancaster Philippines, Incorporated
(Lancaster Leaf Tobacco, Incorporated) | 8,307,475 | 65 |
| 101. | Luneta Motor Company | 8,103,326 | N.A. |
| 102. | Sterling Products, International, Incorporated
(Sterling Products International, Incorporated, N.Y.) | 7,709,929 | 100 |
| 103. | P.F. Collier, Incorporated
(P.F. Collier, Incorporated) | 7,695,775 | 100 |
| 104. | J. Walter Thompson Company (Philippines)
(J. Walter Thompson Company) | 7,665,204 | 100 |
| 105. | Oceanic Commercial, Incorporated | 7,173,817 | 95 |
| 106. | ITT Philippines, Incorporated
(International Telephone & Telegraph Corporation) | 6,927,057 | 99 |
| 107. | Cyanamid Philippines, Incorporated
(American Cyanamid Company) | 6,888,835 | 70 |
| l08. | S.C. Johnson & Son, Incorporated
(S.C. Johnson & Son, Incorporated) | 6,853,829 | 100 |
| 109. | Atkins, Kroll & Company, Incorporated
(Atkins Kroll Company) | 6,720,091 | 100 |
| 110. | Loreto F. de Henudes, Incorporated (RBS) | 6,597,605 | |
| 111. | J.P. Heilbronn, Company | @6,113,257 | 52.9 |
| 112. | Conrad & Company, Incorporated | @6,113,257 | 100 |
| 113. | Rexall (Philippines) Incorporated
(Rexall Drug Company) | 6,074,129 | 100 |
| 114. | Sherwin-Williams Philippines Incorporated
(The Sherwin-Williams Company) | 5,965,292 | 60 |
| 115. | Shurdut Industrial Distributors, Incorporated | 5,609,809 | 80 |
| 116. | Rheem of the Philippines, Incorporated
(Rheem International Incorporated) | 5,500,738 | 55 |
| 117. | Eli Lilly (Philippines), Incorporated
(Eli Lilly International) | 5,485,590 | 100 |
| 118. | Philippine Education Company, Incorporated | @5,427,863 | 94 |
| 119. | Sanitary Steam Laundry, Incorporated | @5,427,863 | 96 |
| 120. | Liberty Aviation Corporation
(Philippine American Insurance) | 5,393,927 | 67 |
| 121. | Matalin Coconut Company, Incorporated | 5,168,210 | 100 |
| 122. | Novelty Philippines, Incorporated | 5,099,188 | 99 |
| 123. | Williams Equipment Company, Limited
(Williams Equipment Company) | 4,955,418 | 92 |
| 124. | Goulds Pumps (Philippines), Incorporated (GPI, N.Y.) | 4,748,795 | 100 |
| 125. | Amfil Chemical Corporation (Rohm & Haas Company) | 4,635,151 | 100 |
| 126. | Philippine Rubber Project Company, Incorporated | 4,634,203 | 100 |
| 127. | Schering Corporation (Philippines), Incorporated
(Schering Corporation [Panama] U.S.A.) | 4,611,623 | 100 |
| 128. | American Machinery & Parts Manufacturing lncorporated | 4,568,180 | 67 |
| 129. | Mahogany Products (Philippines), Incorporated | 4,503,762 | 88 |
| 130. | UpJohn, Incorporated (The UpJohn Company) | 4,123,644 | 100 |
| 131. | Estraco Pharmaceutical Corporation
(USV Pharmaceutical Corporation) | 3,839,484 | 99.9 |
| 132. | Mastodon Equipment Company, Incorporated | 3,654,145 | 50 |
| 133. | Smith, Kline & French Overseas Company
(Smith, Kline & French Overseas) | 3,425,695 | 100 |
| 134. | McCann-Erikson (Philippines), Incorporated | 3,189,654 | 99 |
| 135. | C.F. Sharp & Company, Incorporated | 3,179,122 | 50 |
| 136. | Lawyers Cooperative Publishing Company | 3,078,025 | 100 |
| 137. | Fuller Paint Manufacturing Company (Philippines)
Incorporated | 3,015,019 | 40 |
| 138. | Philippine American Timber Company, Incorporated | @2,939,222 | 59 |
| 139. | Far East Corn Refining Company, Incorporated | @2,938,222 | 50 |
| 140. | Ayerst Laboratories (Philippines), Incorporated
(American Home Products Corporation) | 2,872,800 | 100 |
| 141. | Royal Undergarment Corporation of the Philippines
(Exquisite Form Industries) | 2,582,012 | 99 |
| 142. | Philippine Paper Products Company | 2,396,340 | 95 |
| 143. | E.E Elser, Incorporated | 2,255,760 | 94 |
| 144. | Standard Brands of the Philippines, Incorporated
(Standard Brands, Delaware, USA) | 2,233,976 | 100 |
| 145. | A.H. Robins (Philippines) Company, Incorporated
(A.H. Robins Company Incorporated) | 2,226,772 | 100 |
| 146. | Heald Lumber Company
(Benguet Consolidated Incorporated) | 2,128,835 | 100 |
| 147. | Taylor Pacific (Philippines), Incorporated | 2,103,426 | 100 |
| 148. | Orion Manila, Incorporated | 2,102,886 | 100 |
| 149. | Pacific Airways Corporation | 2,055,430 | 90 |
| 150. | Bunning & Company, Incorporated
(Associated Tobacco Importer) | 2,008,431 | 99 |
| 151. | Insurance Specialists, Incorporated | 1,889,797 | 99.7 |
| 152. | B.B. Fisher | 1,861,676 | 88 |
| 153. | Chicago Bridge (Philippines), Incorporated | 1,797,012 | 100 |
| 154. | Ingersoll-Rand, Philippines, Incorporated
(Ingersoll-Rand Company) | 1,723,431 | 100 |
| 155. | Inter-lsland Construction Corporation
(E.E. Black Limited) | 1,637,906 | 100 |
| 156. | Solex Tool Corporation | 1,548,799 | 100 |
| 157. | Johnston Lumber Company, Incorporated | 1,531,732 | 100 |
| 158. | Philippine Handicraft, Incorporated
(Cradle Toys Incorporated) | 1,515,732 | 98 |
| 159. | SPT Extract Corporation (Seven-Up Export Corporation ) | 1,470,558 | 98 |
| 160. | Judy Philippines | 1,208,912 | 98 |
| 161. | Otis Elevator Company (Manila branch)
(Otis Elevator Company, Delaware) | 1,190,839 | 100 |
| 162. | Philippine Chemical Laboratories, Incorporated | 1,118,500 | 99 |
| 163. | Rachelle Laboratories (Philippines) Incorporated | 1,063,704 | 100 |
| 164. | Newsweek, Incorporated (Philippine branch) | 588,324 | 100 |
| 165. | Philippine Gloves, Incorporated | 559,390 | 100 |
| 166. | Dean International, Incorporated | 450,487 | 100 |
| 167. | Supreme Baby Wear, Incorporated | 436,870 | 99 |
| 168. | South Seas Trading Corporation | 334,446 | 100 |
| |
| TOTAL | 7,767,180.334 | |
| Source: Chronicle Research |
| ALX NOTE:
@ Values need to be rechecked for accuracy. |
|
