FIRST PHILIPPINE HOLDINGS IS A CORPORATION THAT IS CONSTANTLY IN ACTION. WE’RE ALWAYS TRYING TO FIND WAYS TO DELIVER FOR OUR STAKEHOLDERS AND THE FILIPINO PEOPLE.
First Balfour subsidiary inks pact with Volvo distributor
by Dolly Pasia (Lopez Link)
Therma One Transport, First Balfour’s newly-registered subsidiary, signs a five-year agreement with its first client, Civic Merchandising, the exclusive distributor of Volvo trucks and construction equipment and one of the oldest and biggest heavy equipment suppliers in the Philippines.
Primarily engaged in heavy equipment transport, Therma One will be transporting Volvo construction machines from Civic warehouses to its clients all over the country. Signing the agreement are (seated) Chito Litam, Civic Merchandising VP, and Lito Altamirano, Therma One Transport president. Also at the event were (r-l) Jonathan Tansengco, First Balfour CFO; Anthony Fernandez, First Balfour president and COO; Dr. Fiorello Estuar, First Balfour CEO; Eduardo Lim, Civic Merchandising SVP; Ronald Yao, Civic Merchandising AVP; and Joel Santillan, Therma One Transport VP.
Source: Lopez Link