JG Summit Holdings

JG Summit Holdings, Inc. (JGSHI)is one of the largestconglomeratesin thePhilippineswith business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate andproperty development,and telecommunications. Key subsidiaries includeUniversal RobinaandCebu Pacific.Incorporated in November 1990, JG Summit Holdings was founded byJohn Gokongwei Jr.,one of the wealthiest individuals inSoutheast Asia.In 2010, JGSHI was one of the ten most profitable companies on thePhilippine Stock Exchange.

JG Summit Holdings, Inc.

Company type	Public
Traded as	PSE:JGS
Industry	Various
Founded	1990(1990)
Founder	John Gokongwei Jr.
Headquarters	Robinsons Equitable Tower,Pasig, Philippines
Area served	Philippines
Key people	James L. Go (Chairman andCEO) Lance Gokongwei(President and COO)
Products	Petrochemicals
Services	Bankingandinvestments Transportation Real estate Manufacturing Publishing Telecommunications Power generation
Revenue	₱312.4 billionPHP(2022)
Net income	₱6.2 billionPHP(2022)
Subsidiaries	Cebu Pacific JG Summit Petrochemical Corporation LIPAD Corporation Robinsons Bank Robinsons Land Corporation United Industrial Corporation Limited Universal Robina
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 (includingRobinsons Malls)
• United Industrial Corporation Ltd. (Singapore) – 37% ownership

Air transport

• Cebu Pacific
  • AirSWIFT
  • Aviation Partnership Philippines
  • Cebgo
  • 1Aviation Groundhandling Services Corp (40%)
• LIPAD Corporation (operator ofClark International Airport) – a consortium withFilinvest Development Corporation,Philippine Airport Ground Support Solutions Inc., andChangi Airports Philippines Pte. Ltd.

Financial

• GoTyme Bank(joint venture withTyme Group)

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 withDHL)

Former businesses

• Digital Telecommunications Philippines(Digitel andSun Cellular) – Acquired byPLDTin March 2011. As part of the deal, JG Summit will have a 12% share in PLDT. It was finalized by theNational Telecommunications Commissionon October 26, 2011.
• Far East Bank and Trust Company– Sold the shares toBPIduring the time PCIBank was acquired byEquitable,theGSISand theSSS.
• Philippine Commercial International Bank (PCI Bank)– A joint venture betweenBenpres, and the Lopez Group of Companies.Both sold their shares in 1999 to theSSSandGSISwhich gave way to theEquitable Banking Corporation– Philippine Commercial International Bank merger and eventually becameBanco de Oro Universal Bank.
• Griffin's Foods(New Zealand) – sold toIntersnack,a subsidiary of German companyPfeifer & Langen.
• Snack Brands Australia(Australia) – sold toIntersnack,a subsidiary of German companyPfeifer & Langen.
• SIA Engineering (Philippines) Corporation– sold the remaining 35% ownership to SIA Engineering Company.

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.
• Macuja, Ana Marie (February 15, 2006)."JGS slates new share offer for RLC (free article preview)".Manila Bulletin.

External links

• Media related toJG Summit Holdingsat Wikimedia Commons
• JG Summit corporate website