JG Summit Holdings
| JG Summit Holdings, Inc. | |
|---|---|
 | |
.jpg) Robinsons Equitable Tower, site of the headquarters of JG Summit Holdings | |
| Type | Public |
| PSE: JGS | |
| Industry | Various |
| Founded | November 23, 1990 |
| Founder | John Gokongwei Jr. |
| Headquarters | 43rd Floor, Robinsons Equitable Tower, ADB Avenue cor. P Poveda Street, Ortigas Center, Pasig City, Metro Manila, Philippines, |
Area served | Philippines |
| Key people |
|
| Products | Petrochemicals |
| Services | |
| Revenue | ₱312.4 billion PHP (2022) |
| ₱6.2 billion PHP (2022) | |
| Subsidiaries | Cebu Pacific Universal Robina |
| Website | Official website |
JG Summit Holdings, Inc. (JGSHI) 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 and Cebu Pacific.
History
JG Summit Holdings incorporated in November 1990, it was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia. In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange.
In February 2021, JG Summit Holdings partnered with Singapore based AI-powered cloud HCM suite Darwinbox. and in October 2025, it expanded its partnership with Darwinbox.
Companies
Manufacturing
- JG Summit Olefins Corporation
- Peak Fuel Corporation
- Universal Robina Corporation – is one of the largest branded consumer food and beverage product companies in the Philippines.
Real estate
- Robinsons Land Corporation
- Robinsons Malls
- Go Hotels
- Dusit Thani Mactan Cebu
- Robinsons Hotels & Resorts
- Summit Hotels and Resorts
- Robinsons Offices
- RLC Residences
- Robinsons Destination Estates (Bridgetowne)
- Robinsons Logistix and Industrials, Inc.
- Singapore Land Group Limited (37.04%)
Air transport
- Cebu Pacific
- Aviation Partnership Philippines
- Cebgo
- 1Aviation Groundhandling Services Corp (40%)
- 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.
Financial
- Bank of the Philippine Islands (9.0292%)
- GoTyme Bank (joint venture with Tyme Group)
Utilities
- Global Business Power Corporation (30%)
- PLDT, Inc. (11.27%)
- Meralco (29.56%)
Others
- Robinsons Retail
- Summit Media
- Go Global Business Services, Inc.
- JG Digital Equity Ventures, Inc.
- Data Analytics Ventures, Inc.
- Altus Property Ventures, Inc.
- Universal Hotels and Resorts Inc.
- UNICON Insurance & Reinsurance Brokers Corporation
- Gokongwei Brothers Foundation
- DHL Summit Solutions Inc. (joint venture with DHL)
- Merbau Corporation
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 with the López family of Iloilo through Benpres Holdings Corporation. Both sold their shares in 1999 to the SSS and GSIS which gave way to the Equitable Banking Corporation – Philippine Commercial International Bank merger. The resulting merger was eventually subject to another merger (with Henry Sy's Banco de Oro) in 2006-2007, which resulted in now BDO Unibank, Inc..
- Griffin's Foods (New Zealand) – sold to Intersnack, a subsidiary of German company Pfeifer & Langen.
- 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.
- Robinsons Bank – merged with Bank of the Philippine Islands, (in exchange for them being issued the corresponding stake in BPI)
References
- ↑ "JG Summit Holdings, Inc. - Company Information". PSE Edge.
- 1 2 "Executive Officer and Corporate Center Heads".
- ↑ Archived September 28, 2007, at the Wayback Machine
- ↑ Doebele, Justin (September 8, 2005). "Southeast Asia's 40 Richest". Forbes.
- ↑ "Year End Report - Transco, telcos, economic growth". Manila Times. December 31, 2006. Archived from the original on October 17, 2007. Retrieved January 3, 2007.
- ↑ "JG Summit partners with modern HR tech platform Darwinbox". Manila Standard. February 19, 2021.
- ↑ Amojelar, Darwin G. (October 15, 2025). "JG Summit, Darwinbox expand tie-up to speed up digital, talent transformation". Manila Standard.
- ↑ "About Us – JG Summit Olefins Corporation". September 24, 2024.
- ↑ Lucas, Daxim L. (January 30, 2025). "JG Summit shuts down petrochemical unit 'indefinitely' due to weak market". InsiderPH. Retrieved March 7, 2025.
- ↑ "Major shareholders: Singapore Land Group Limited". MarketScreener.
- ↑ "Lipad Corporation takes over Clark airport operations". Rappler. August 18, 2019. Retrieved September 20, 2019.
- ↑ Orejas, Tonette (August 16, 2019). "Lipad consortium takes over Clark airport". Philippine Daily Inquirer. Retrieved September 20, 2019.
- ↑ Monzon, Alden M. (October 9, 2023). "GoTyme Bank eyeing Vietnam expansion". INQUIRER.net. Retrieved October 10, 2023.
- ↑ "JG Summit Holdings & DHL Supply Chain Form Joint Venture in the Philippines".
- ↑ "Intersnack New Zealand Holding 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.[dead link]
- Macuja, Ana Marie (February 15, 2006). "JGS slates new share offer for RLC (free article preview)". Manila Bulletin. Archived from the original on August 8, 2011 – via HighBeam Research.
External links
Media related to JG Summit Holdings at Wikimedia Commons- JG Summit corporate website
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