In 1991, First Electro Dynamics Corporation (Fedcor) was established primarily to support Meralco’s distribution transformer repair requirements.
In 2013, the company has expanded its core competency to manufacture oil-immersed transformers carrying the First Philec brand which has been the choice of most of the Philippines' largest private distribution utility companies and electric cooperatives for more than 45 years with over 200,000 units installed nationwide. Fedcor maintains its certification to ISO 9001.
In 2014, Fedcor was renamed to First Philec, Inc (FPI). The company is actively pursuing possible tie-ups with foreign companies to provide sophisticated and advanced T&D technical services to the local industry.
FPI now functions as the Central Sales and Marketing of the entire enterprise.