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JG Summit Holdings incorporates subsidiary for naphtha cracker plant.(Business News)
- Article from:
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Manila Bulletin
- Article date:
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April 28, 2008
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Copyright informationCOPYRIGHT 2008 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ana Marie Macuja
JG Summit Holdings, Inc., a conglomerate controlled by the Gokongwei family, has incorporated a new company which would soon operate and maintain a naphtha cracker plant.
Based on incorporation papers filed with the Securities and Exchange Commission (SEC), newly-registered firm JG Summit Olefins Corporation will operate and maintain a naphtha cracker plant and related facilities for the production of products such as polymer grade ethylene, polymer grade propylene, partially hydrogenated pyrolysis gasoline and pyrolysis fuel oil, and other products.
JG Summit Olefins has an authorized capital stock of P10 million, divided into 10 million ...