JG Summit sets P87.5 B for capex 0 SHARES Share it! Share TweetBy James A. LoyolaJG Summit Holdings, Inc., the flagship of the Gokongwei family, is allotting P87.5 billion for capital expenditures (capex) this year to fund the continued expansion of its various businesses. In an interview, JG Summit President Lance Gokongwei said “approximately it’s about P32 billion for petrochemicals, P18 billion for Robinsons Land, P27 billion for airline, and P9 billion for the food business. We are also putting in additional bimodal polyethylene, butadine, and BTX (benzene, toluene, xylene) facilities,” he said. So we will be the first facilities in the Philippines to have butadine and BTX production facilities.

Source: Manila Bulletin June 01, 2019 14:01 UTC