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Phoenix Petroleum Philippines, Inc.
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Phoenix refreshes design for 100 gas stations

Phoenix Petroleum Philippines, Inc. has adopted a new design for its fueling stations nationwide just as the company folds in its new acquisitions and marks its entry into new businesses.

“The new look of our stations is just the start of our improved products and services to our customers as we set the tone for the future. Our goal is to exceed customer expectations and engage with the community we are part of through our improved stations,” Henry Albert R. Fadullon, Phoenix Petroleum chief operating officer, was quoted as saying in a statement.

Phoenix Petroleum has recently expanded to the convenience retailing business with the acquisition of convenience store brand Family Mart. It is also set to enter the bitumen business through a joint venture with Tipco Asphalt Public Co. Ltd. and PhilAsphalt (Dev’t) Corp.

“The new design features a clean, modern, and sleek style, to reflect the company’s aspiration of becoming the next generation fuel company catering to the needs of the next generation drivers,” Phoenix Petroleum said.

The listed company owned by Davao-based businessman Dennis A. Uy said 100 out of its 500 stations nationwide already carry the new design.

“The newest Phoenix station boasts of a spacious land area for easy movement, air-conditioned restrooms, and a strategic location — providing convenient access to motorists traveling on the South Luzon Expressway,” it said.

Phoenix Petroleum is engaged in the trading and marketing of refined petroleum products, including LPG and lubricants, operation of oil depots and storage facilities, hauling and into-plane services. It serves major accounts in various industries such as power, shipping, logistics, manufacturing, construction and transportation.

In January, the Philippine Competition Commission approved Phoenix Petroleum’s acquisition of shares in Philippine Family Mart CVS, Inc. The company previously said the convenience store complements its retail fuel business. The deal marks its entry into the fast-growing retail market. Family Mart has 67 stores in Luzon.

Also last month, the company entered into a joint venture with Thailand-based asphalt maker Tipco Asphalt and a local company to market and distribute bitumen and bitumen-related products in the country.

In December last year, Phoenix Petroleum disclosed placing an order for 650,000 cylinders of liquefied petroleum gas (LPG) in line with its plan to penetrate deeper into the Luzon market, where it said 80% of the demand for the product comes from.

The move comes as the company integrates the LPG business of Petronas Energy Philippines, Inc., a company it bought last year.


source: http://bworldonline.com/phoenix-refreshe...-stations/
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Phoenix planning to bring FamilyMart to Clark

PHOENIX PETROLEUM Philippines, Inc. has mapped out plans for its existing and newly acquired businesses, including the expansion of its convenience store chain in Clark, Pampanga, and the construction of a bitumen plant in Calaca, Batangas.

“[Clark] is an area that we are looking at [because] that is a significant part of our portfolio,” Henry Albert R. Fadullon, Phoenix chief operating officer, told reporters on the sidelines of the launch of the company’s upgraded fuels on Monday night.

“We have 177 hectares there and I’m sure when that’s fully built up similar or comparable to BGC (Bonifacio Global City) there will be a lot of opportunities there for Family Mart,” he added.

Phoenix’s parent company Udenna Corp. is developing a 177-hectare property into Clark Global City.

In the near term, Mr. Fadullon said FamilyMart’s expansion would remain “opportunistic” and focused on “key areas” where customers traditionally patronize for convenience. These are Metro Manila’s central business districts, BGC, Makati City’s Legaspi and Salcedo villages, and some areas in Alabang and Quezon City.

“We are going to expand but focused on these key areas,” Mr. Fadullon said. “We will follow where the business is. If the business requires a significant amount of expansion, we will follow.”

However, putting up Family Mart stores in Phoenix service stations is not a priority at this time although the company remains “opportunistic” with its decision to bundle both businesses in one location.

“The priority at the moment is to focus on the areas where we have most of the Family Mart right now, which is in the CBDs because nandoon ang (those are where the) customers that we want to target initially,” he said.

Phoenix, one of the companies put up by Davao City businessman Dennis A. Uy, bought the local franchise of the Japanese convenience store in October last year, although the antitrust watchdog cleared the deal only on Jan. 3, 2018.

BATANGAS PLANT
Around mid-January, the listed company announced its joint venture with Thailand-based asphalt maker Tipco Asphalt Public Co. Ltd. and PhilAsphalt (Dev’t) Corp. to market and distribute bitumen and bitumen-related products in the country.

“We are planning to put up our own plant in Calaca, Batangas together with our joint venture partners,” Mr. Fadullon said.

“Our plan with our partners is to offer a different kind of technology for the road construction industry,” he said. “Bitumen is the base product but I think within the bitumen space there is a lot of opportunity for innovation and I think that is what where we see the opportunity in the Philippines.”

Asked when Phoenix plans to build the plant, he said: “Very soon… Within the year, we would like to have the asphalt business in place.”

Mr. Fadullon noted the new business brings opportunities in the infrastructure sector, including maintenance.

During the launch, Mr. Fadullon talked about Phoenix’s “success story” from its roots in Davao City with a few gasoline stations to its expansion up north that has emboldened the company to challenge the big industry players.

This year, Phoenix continues its expansion in the Luzon market with the placement of an order for 650,000 cylinders of liquefied petroleum gas (LPG). Phoenix previously said that the country’s main island accounts for 80% of the LPG market.

“We are progressing every two weeks, appointing dealers for key areas that we have identified,” he said, identifying these areas as Metro Manila, and Southern and Central Luzon.

Phoenix added LPG into its portfolio when it completed in August 2017 the acquisition of Petronas Energy Philippines, Inc., a company it has since renamed Phoenix LPG Philippines, Inc. The acquisition strategically supports its expansion in operation and product lines.

On Monday, the company launched a fuel additive it calls “Phoenix pulse technology,” which has a cleaning and protection properties for enhanced power and acceleration.

Shares in Phoenix closed 2.62% or 34 centavos lower at P12.66 apiece on Tuesday.


source: http://bworldonline.com/phoenix-planning...art-clark/
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Phoenix Petroleum net income surges 65% in 2017 on record sales

PHOENIX PETROLEUM Philippines, Inc. on Thursday said it posted record sales volume, revenues and net income in 2017 as its investments through the years began bringing returns.

“Phoenix Petroleum’s momentum in 2017 is a result of its investments over many years in its people, products, and partnerships. We will continue to be opportunistic as we grow the business,” Dennis A. Uy, president and chief executive officer, was quoted as saying in a statement.

Phoenix reported a net income of P1.79 billion for 2017, up 65% growth from the previous year. Last year’s profit included the partial consolidation of the liquefied petroleum gas (LPG) business starting in August 2017.

Excluding non-recurring gains and costs related to the LPG business, core income still hit an all-time high of P1.42 billion, or 30% higher than the previous year.

The company said its “solid” full-year core income growth underscored the strength of its fuels business, in which sales volume increased by 17% to 1.76 billion liters from 1.5 billion liters.

The group reported revenues of P44.426 billion, an increase of 45% over the level in the previous year.

Phoenix attributed last year’s higher sales volume to the addition of new stations, acquisition of new direct commercial accounts across various industries, as well as the consolidation of the LPG business.

As of end-2017, Phoenix had a total of 530 retail service stations.

“In the past 12 months, [Phoenix] completed two acquisitions, marking its foray into the higher margin business of LPG and convenience retailing,” it said. “LPG and convenience stores (CVS) are underpenetrated markets with tremendous domestic growth potential as they benefit from consumers’ growing purchasing power and evolving lifestyle.”

In August last year, the company completed the acquisition of Petronas Energy Philippines, Inc., which it has since renamed to Phoenix LPG Philippines, Inc. The unit owns and operates the Phoenix Super LPG brand.

In January 2018, Phoenix completed the purchase of the Family Mart convenience store brand, which currently has 67 outlets in Luzon.

In September 2017, Phoenix set up PNX Petroleum Singapore Ltd. Pte, further strengthening its portfolio. The unit is expected to enhance the efficiencies of the Phoenix group’s petroleum importation flows as well as provide access to fast-growing markets in Southeast Asia.

Earlier this year, Phoenix announced its joint venture with Thailand-based Tipco Asphalt Public Co. Ltd. and PhilAsphalt (Dev’t) Corp. for the marketing and distribution of asphalt in the Philippines. The move is part of Phoenix’s strategy to complete its petroleum product offerings and to optimize the expected growth in the government’s infrastructure spending.

Phoenix is engaged in trading and marketing of refined petroleum products, including LPG and lubricants, operation of oil depots and storage facilities, hauling and into-plane services, and just recently convenience store retailing.

The company has grown in 15 years from only five stations in Mindanao, making it the fastest-growing oil companies in the country.

Source: http://bworldonline.com/phoenix-petroleu...ord-sales/
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Phoenix’s Uy confirms talks with CNOOC to enter LNG business

http://bworldonline.com/phoenixs-uy-conf...-business/
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