Monday, May 26, 2008

JG Summit reattempts entry into petrochemical sector with an investment of P35 bln

Making a fresh attempt to make a foray in the petrochemical industry, JG Summit Holdings, the holding firm of the Gokongwei group has formed JG Summit Olefins Corp. The company proposes to invest P35 bln towards the construction of a naphtha cracker facility in Batangas.

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