Herma Group

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The Herma Group of Companies is a conglomerate with subsidiaries providing petroleum, maritime, and environmental services.

Contents

History

The Herma Group was built more twenty years ago by Herminio S. Esguerra who started a petroleum hauling business with one rented barge – the Herma I. The Herma Corporation, then with only ten employees, started operations in 1985. The company provided hauling services to Caltex, ferrying refined petroleum products from a refinery in Bataan to a depot in Pandacan.

Herma eventually grew and soon it was able to establish two more companies, Flagship Tankers Corporation (FTC) and Flagship Petroleum Carriers, Inc. (FPCI). These subsidiaries expanded their mother company's petroleum hauling services and include the coastal routes nationwide. This move allowed the delivery of fuel to previously unreached ports around the country.

In 1995, Herma Corporation created Herma Shipping and Transport Corporation (HSTC). The following year, the operations of HSTC and the FPCI were merged under HSTC making it the largest petroleum marine tanker company in the Philippines.

By early 2000, the Herma fleet already had 16 tankers and two tugboats and an increase would make fleet difficult to accommodate. So the Herma Group set-up two more companies: Herma Shipyard, Inc. (HSI) and Herma Port Terminals, Inc. (HPTI). HSI was established at the old Baseco site in Mariveles, Bataan, to provide round-the-clock servicing not only for the Herma fleet, but also for commercial and government vessels. HPTI on the other hand was set up as a service port and warehouse. Herma Corporation maintained administrative and corporate support services to its growing roster of affiliates.

Advocacy

In response to President Gloria Macapagal-Arroyo's call for support from the private sector to address the worsening garbage crisis in 2001, the Herma Group established the Cleanway Technology Corporation (CTC). It put up a Materials Reduction Facility (MRF) along the Coastal Road to process 2,000 cubic meters of municipal solid waste daily. But 3 years later, CTC's MRF facility was temporarily shut down. So to fulfill its corporate advocacy of protecting the environmental, The Herma Group constructed an integrated waste management facility spread over almost 13,800 square meters in Silang, Cavite. This new plant handles not only solid and liquid, but also bio-medical, toxic, and hazardous wastes.

Herma Shipyard affiliates

From a small company with one rented barge and 10 employees in 1985, the Herma Group is now a 5 billion-peso conglomerate with eight companies providing petroleum, maritime, and environmental services to foreign and local industrial partners.

The Herma Group comprises the following member companies:

References

Citation

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