ABOUT US : Historical Background of the Company

JAKA Equities Corporation (JEC) is considered as one of the first investment that JAKA Investments Corporation entered into. The company was acquired under the name of AK Wood Industries Inc. in 1977, which was then owned by Philippine Match Corporation (PHIMCO)-another safety match manufacturer. In 1978, the company’s name was changed into Eurasia Match Incorporated and became the third match company in the Philippines. Moreover, JAKA Investments Corporation had two other companies involved in match manufacturing that includes Royal Match Incorporated and the Eurasia Match Incorporated. With the Casilayan Development Corporation (CSDC), the three companies comprise the forestry and match division of the JAKA Group of Companies.

In 1994, Eurasia Match Incorporated was changed to JAKA Equities Corporation (JEC). The establishment of JEC is a consolidation of all manufacturing operations-match manufacturing, desiccated coconut companies, marketing and distribution of matches and food processing. It was likewise planned that JEC also hold the equity investments of the JAKA Group namely shares in Philippine Global Communications, Far East Bank and Trust Company, Republic Glass Corporation and United Coconut and Planters Bank.

JEC is divided into three main divisions - Lights manufacturing division, Wood division, and Food division. The following companies are under JAKA Equities Corporation: JAKA Equities Corporation XT is under the match manufacturing division. Under the Wood division are Casilayan Softwood Development Corporation and Eastern Gatewood Company. For the Food division, there is JAKA Foods Corporation under which are JAKA Food Processing Corporation and Pacific Royal Basic Foods Incorporated.