AC Corporation, has its roots from Makati Machinery & Equipment Co., Inc., which was renamed AC Machineries, Inc. in 1982 by its holding company, Ayala Corporation. The predecessor used to distribute heavy machineries like Mitsubishi, Sakai, Tadano and Furukawa, in addition to diesel engines, drainage pumps and industrial consumables. When AC Corporation was founded in 1989 to take over the activities of AC Machineries, Inc., the new management eventually refocused its activities on the servicing of the oil industry, particularly on the fuel facilities management systems of the downstream oil markets.
The company now maintains market leadership with over 70% market share of the fuel dispensing pumps in the Philippines. Over the years, the company also introduced many innovative technological products to the downstream oil markets including fuel dispensing pumps, automatic level gauges for underground tank inventory management systems, UGT fuel polishing systems, tank and line testing systems, 3D Laser Tank calibration and other oil depot related equipment like internal floating roofs. It also draws on the support of its principle supplier, Tatsuno Corporation, for its 90 years of experience in the design and construction of petroleum storage and refueling facilities.
AC Corporation is considered a leader in petroleum facilities management services in the Philippines, as it manages preventive maintenance, pump commissioning and various engineering services for most of the major oil companies in the Philippines.