JG Summit Holdings, Inc.', abbreviated as JGSHI and also known as JG Summit Holdings or JG Summit, is a Philippine conglomerate headquartered in Pasig, Metro Manila. It 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 Corporation 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]
 | This article needs additional citations for verification. (January 2012) |
 | |
| Company type | Public |
|---|---|
| PSE: JGS | |
| Industry | Conglomerate |
| Founded | 1990 |
| Founder | John Gokongwei Jr. |
| Headquarters | Robinsons Equitable Tower, , Philippines |
Area served | Asia-Pacific |
Key people |
|
| Products | Petrochemicals |
| Services | |
| Revenue | ₱312.4 billion PHP (2022)[1] |
| ₱6.2 billion PHP (2022) | |
| Subsidiaries | Cebu Pacific JG Summit Petrochemical Corporation LIPAD Corporation Robinsons Bank Robinsons Land Corporation United Industrial Corporation Limited Universal Robina Corporation |
| Website | Official website |
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
- Cebgo
- 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.
- SIA Engineering (Philippines) Corporation - sold the remaining 35% ownership to SIA Engineering Company.
References
Further reading
External links
Wikiwand in your browser!
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
