Conglomerate JG Summit Holdings Inc. is shutting down indefinitely its petrochemicals unit amid industry challenges.

Gokongwei-led JG Summit Holdings Corp. has shut down its petrochemical business as its losses continued to widen amid “challenging market conditions.” “Given persisting unfavorable market conditions ...

GOKONGWEI-LED JG Summit Holdings, Inc. said its petrochemicals unit, JG Summit Olefins Corp. (JGSOC), is now on an indefinite commercial shutdown amid “unfavorable global market conditions.” “Given ...

Conglomerate JG Summit Holdings Inc. said Thursday it closed down its P150-billion petrochemical plant in Batangas province ...

In what is seen as the “best decision” under challenging market conditions, conglomerate JG Summit Holdings Inc. has decided to shut down its petrochemicals unit, which has been dragging down the ...

JG Summit Holdings, Inc. operates as a holding company, which engages in providing consumer foods, agro-industrial and commodity food products, real property development, hotels, banking and ...

JG Summit Holdings is one of the Philippines' largest conglomerates, and traces its history to the 1957 launch of Universal Corn Products, a cornstarch plant in Pasig, near Manila.

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Investing.com – Philippines stocks were lower after the close on Monday, as losses in the Industrials, Services and Holding Firms sectors led shares lower. At the close in ...

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