+ Follow SUMMIT PETROCHEMICAL CORP Tag
SUMMIT PETROCHEMICAL CORP
Array
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[results] => Array
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[0] => Array
(
[ArticleID] => 822352
[Title] => JG Summit eyes up to $1B in new revenues
[Summary] => JG Summit Holdings Inc., the investment vehicle of taipan John Gokongwei, said it expects its naphtha cracker plant - the first in the country – to contribute between $800 million to $1 billion to groupwide revenues when it starts its first full year operations.
[DatePublished] => 2012-06-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 791296
[Title] => JG Summit increases capex budget to P53B
[Summary] => Gokongwei flagship firm JG Summit Holdings Inc. has increased its planned capital spending this year by nearly 80 percent to P52.87 billion, reflecting its bullish stance on the local economy.
[DatePublished] => 2012-03-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 344623
[Title] => JG Summit seeks loans for $500-M naphtha cracker plant project
[Summary] => JG Summit Petrochemical Corp. (JGSPC) is holding talks with several multilateral agencies and commercial banks for the possible financing for its $500-million naphtha cracker plant.
Lance Gokongwei, president and chief operating officer of JG Summit Holdings Inc., the parent firm of JGSPC, said negotiations are ongoing and an agreement is expected to be reached anytime soon.
Three foreign groups based in Asia have earlier expressed interest to join JGSPC in the construction of the naphtha cracker facility in Batangas.
[DatePublished] => 2006-06-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 317378
[Title] => Gov’t lowers tariff on 11 petrochem products
[Summary] => President Arroyo has reportedly signed the Executive Order (EO) lowering the tariff on 11 petrochemical products.
Both Budget Secretary Romulo Neri and Trade and Industry Secretary Peter B. Favila said that the President had signed several EOs that may have included the petrochem EO.
However, until the EO is officially released by Malacañang, they cannot categorically confirm the EO.
The downstream plastics industry has been awaiting the signing of the EO since November last year.
[DatePublished] => 2006-01-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 316668
[Title] => Favila urges Gokongwei firm to start long-delayed naphtha cracker project
[Summary] => Trade and Industry Secretary Peter B. Favila Friday challenged JG Summit Petrochemical Corp. (JGSPC) to start its long-delayed naphtha cracker project.
In a press conference, Favila expressed disappointment at the recent filing of a petition for mandamus by the Association of Petrochemical Manufacturers of the Philippines (APMP).
APMP wants the Cabinet-level Tariff and Related Matters (CTRM) committee to provide the association with the minutes of the CTRM deliberations on the petrochemical tariff issue.
[DatePublished] => 2006-01-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 316792
[Title] => Favila urges Gokongwei firm to start long-delayed naphtha cracker project
[Summary] => Trade and Industry Secretary Peter B. Favila Friday challenged JG Summit Petrochemical Corp. (JGSPC) to start its long-delayed naphtha cracker project.
In a press conference, Favila expressed disappointment at the recent filing of a petition for mandamus by the Association of Petrochemical Manufacturers of the Philippines (APMP).
APMP wants the Cabinet-level Tariff and Related Matters (CTRM) committee to provide the association with the minutes of the CTRM deliberations on the petrochemical tariff issue.
[DatePublished] => 2006-01-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 313124
[Title] => GMA expected to sign EO on lower petrochem tariffs early next yr
[Summary] => President Arroyo only has a window of opportunity up to Jan. 14, 2006 to sign a new Executive Order (EO) lowering the tariff rates on 11 petrochemical products.
The EO is being awaited by the downstream plastics industry since November after the plastics manufacturers were able to successfully convince the Cabinet-level Tariff and Related Matters (CTRM) that there is no continued justification for the maintenance of high tariff rates on the intermediate plastic resins.
[DatePublished] => 2005-12-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 308799
[Title] => JG Summit expects to conclude talks with foreign firms for naphtha project
[Summary] => JG Summit Petrochemical Corp. (JGSPC) expects to conclude negotiations with a prospective foreign investor for its proposed $500-million naphtha cracker plant by March next year.
Lance Gokongwei, president and chief operating officer of JGSPC’s parent firm JG Summit Holdings, said they are in continuous discussions with prospective contractors and expect to close a deal next year.
Three foreign groups based in Asia have expressed interest to join JGSPC in the construction of the naphtha cracker facility in Batangas.
[DatePublished] => 2005-11-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 303201
[Title] => Singapore presses RP on supplemental deal for tariff compensation
[Summary] => Singapore is pressing the Philippines to sign a supplemental agreement extending the compensation agreement over the continued tariff protection being invoked by the latter for 11 petrochemical products, a trade official said.
The original compensation agreement covered only a year, from 2003 to 2004.
Even under that agreement, the Philippines has only been able to offset about $690,000 worth of petrochemical products covering one semester, Bureau of International Trade Relation (BITR) director Ramon Vicente Kabigting said.
[DatePublished] => 2005-10-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 302871
[Title] => Local plastic packaging firm shuts down due to high costs
[Summary] =>
The continuing tariff differential between raw material inputs for plastic manufacturing and finished plastics products has taken its toll on one local plastic packaging firm, which decided to shut down operations and resort to imports.
In a statement, Alcan Packaging Starpack Corp. said it has decided to stop its food packaging manufacturing operations in the country and instead focus on tobacco packaging.
Alcan supplies Nestle multinational food giant Corp. its flexible pouches for its powdered beverage products such as Milo and Nescafe.
[DatePublished] => 2005-10-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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