JG Summit Holdings

ProductsPetrochemicalsServicesRevenue₱312.4 billion PHP (2022)^[1]₱6.2 billion PHP (2022)SubsidiariesCebu Pacific
JG Summit Petrochemical Corporation
LIPAD Corporation
Robinsons Bank
Robinsons Land Corporation
United Industrial Corporation Limited
Universal RobinaWebsiteOfficial website

JG Summit Holdings, Inc. (JGSHI) is one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated in November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia.^[2] In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange.^[3]

Companies

Manufacturing

• JG Summit Petrochemical Corporation
• JG Summit Olefins Corporation
• Universal Robina Corporation - is one of the largest branded consumer food and beverage product companies in the Philippines.

Real estate

• Robinsons Land Corporation (including Robinsons Malls)
• United Industrial Corporation Ltd. (Singapore) - 37% ownership

Air transport

• Cebu Pacific
  • Aviation Partnership Philippines - 49% ownership
  • SIA Engineering (Philippines) Corporation - 35% ownership
• LIPAD Corporation (operator of Clark International Airport) - a consortium with Filinvest Development Corporation, Philippine Airport Ground Support Solutions Inc., and Changi Airports Philippines Pte. Ltd.^[4][5]

Financial

• GoTyme Bank (joint venture with Tyme Group)^[6]

Utilities

• Global Business Power Corporation (30%)
• PLDT, Inc. (11.27%)
• Meralco (29.56%)

Others

• iTech Global Business Solutions, Inc.
• GMA Network, Inc.
• Go Hotels
• Robinsons Hotels & Resorts
• Summit Hotels and Resorts
• Summit Media
• Universal Hotels and Resorts Inc.
• DHL Summit Solutions Inc. (joint venture with DHL)^[7]

Former businesses

• Digital Telecommunications Philippines (Digitel and Sun Cellular) - Acquired by PLDT in March 2011. As part of the deal, JG Summit will have a 12% share in PLDT. It was finalized by the National Telecommunications Commission on October 26, 2011.
• Far East Bank and Trust Company - Sold the shares to BPI during the time PCIBank was acquired by Equitable, the GSIS and the SSS.
• Philippine Commercial International Bank (PCI Bank) - A joint venture between Benpres, and the Lopez Group of Companies. Both sold their shares in 1999 to the SSS and GSIS which gave way to the Equitable Banking Corporation - Philippine Commercial International Bank merger and eventually became Banco de Oro Universal Bank.
• Griffin's Foods (New Zealand) - sold to Intersnack, a subsidiary of German company Pfeifer & Langen.^[8]
• Snack Brands Australia (Australia) - sold to Intersnack, a subsidiary of German company Pfeifer & Langen.

References

Further reading

• Austria, Jenniffer B. (November 15, 2006). "JG Summit income surges 128% to P5.6b". Manila Standard Today.
• Austria, Jenniffer B. (June 30, 2006). "JG Summit borrowing $600m for petrochem". Manila Standard Today.
• "JG Summit Holdings, Inc. Unit Announces $240 Million Share Sale". Reuters. February 7, 2006.^{[dead link]}
• Macuja, Ana Marie (February 15, 2006). "JGS slates new share offer for RLC (free article preview)". Manila Bulletin.

External links

• JG Summit corporate website