Member access

4-Traders Homepage  >  Shares  >  PHILIPPINE STOCK EXCHANGE, INC.  >  JG Summit Holdings, Inc.    JGS   PHY444251177

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

JG Summit Holdings, Inc. : JG Summit's Naphtha Cracking Plant to Start Operations November 2013

10/22/2012 | 05:07am US/Eastern
   By Cris Larano 
 

MANILA--JG Summit Holdings Inc. (JGS.PH) expects to open its $800 million naphtha cracking plant in November 2013, a few months ahead of its early 2014 schedule, the Philippine investment holding company's chief strategist said Monday.

Speaking at an investor forum arranged by local firm COL Financials, JG Summit's Bach Johann Sebastian said that once completed, the naphtha cracker could generate annual revenue of $1 billion based on current prices.

He said 25% of the plant's output would be exported and the balance would be for local industries.

JG Summit's naphtha cracker will allow it to produce 320,000 tons a year of polypropylene and add 110,000 tons of polyethylene to the group's capacity.

Write to Cris Larano at cris.larano@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on JG SUMMIT HOLDINGS, INC.
10h ago CEBU AIR : PAL restructures US sales offices
10h ago CEBU AIR : Emirates seeks another 30-day extension for 3rd Mla-Dubai flight
12/11 ROBINSONS LAND : RLC breaks ground for 12th office bldg in Taguig
12/10 CEBU AIR : Local airlines oppose new air talks with UAE
12/09 ROBINSONS LAND : RLC eyes P12B from bonds
12/08 ROBINSONS LAND : inks MOA with DTI, SB Corp
12/02 UNIVERSAL ROBINA : Japan's Nissin raising stake in jv with URC
12/02 CEBU AIR : Emirates denies PAL, CebuPac claims
11/30 CEBU AIR : PAL, CebuPac hit CAB for giving Emirates extra flights
11/29 JG SUMMIT : Philippines' JG Summit cancels tender; unit running at 70 pct
Advertisement
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF