Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/22/2012 | 11:07am CEST
   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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on JG SUMMIT HOLDINGS, INC.
05/11DJUNIVERSAL ROBINA : 1st Half Net Profit Rose 29% to PHP8.39 Billion
04/18DJJG Summit Cuts 2016 Capex by Almost 17% to PHP41.3 Billion
02/27 ROBINSONS LAND : Toyo Tires bags FBAA 39th Conference title
02/14 UNIVERSAL ROBINA : URC posts net income of P4.8 B
02/13 ROBINSONS LAND : Toyo Tires, Robinsons share top spot in FBAA 39th Conference &n..
02/12 ROBINSONS LAND : RLC posts 18% profit hike in Oct-Dec
02/12DJUniversal Robina 1Q Net Profit PHP4.79 Billion, Up 47% On Year
02/06 ROBINSONS LAND : FBAA 39th Badminton Cup sizzles – Toyo Tires, Robinsons L..
02/01 CEBU AIR : Pacific holds first of 8 recruitment fairs on Feb. 6
01/31DJPhilippines Companies, Formerly Fusty, Become Big Dealmakers
Advertisement
Income Statement Evolution
More Financials