MORUBENI CORP

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                    [ArticleID] => 344623
                    [Title] => JG Summit seeks loans for $500-M naphtha cracker plant project
                    [Summary] => JG Summit Petrochemical Corp. (JGSPC) is holding talks with several multilateral agencies and commercial banks for the possible financing for its $500-million naphtha cracker plant.


Lance Gokongwei, president and chief operating officer of JG Summit Holdings Inc., the parent firm of JGSPC, said negotiations are ongoing and an agreement is expected to be reached anytime soon.


Three foreign groups based in Asia have earlier expressed interest to join JGSPC in the construction of the naphtha cracker facility in Batangas.


                    [DatePublished] => 2006-06-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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JG Summit seeks loans for $500-M naphtha cracker plant project

By Zinnia B. Dela Peña | June 30, 2006 - 12:00am

JG Summit Petrochemical Corp. (JGSPC) is holding talks with several multilateral agencies and commercial banks for the possible financing for its $500-million naphtha cracker plant. Lance Gokongwei, president and...

Business