JG Summit builds up with petrochemical plant expansion
While stock market analysts have yet to comment on the positive impact of the expansion of the petrochemicals manufacturing complex of JG Su
While stock market analysts have yet to comment on the positive impact of the expansion of the petrochemicals manufacturing complex of JG Summit Olefins Corporation (JGSOC) on the revenues of JG Summit Holdings, it cannot be denied that the expansion move will produce positive bottom line results over the long term.
This, as President Ferdinand R. Marcos Jr. said during the inauguration of the expansion of JGSOC’s facility in Batangas on January 19, 2024 that the project would generate about P215 billion and 6,200 jobs in 2025.
“It is an upstream industry that feeds many enterprises and supplies many other manufacturing concerns. It is among the lynchpins of our industrialization, a vital link in moving up the value chain, and guarantees the supply of a critical production ingredient,” he said.
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