MANILA, Philippines — The newly expanded JG Summit Petrochemicals manufacturing complex in Batangas is set to employ about 6,200 people, according to President Ferdinand Marcos Jr.
Marcos led the inauguration on Friday of the company’s expanded petrochem manufacturing hub, together with JG Summit Holdings Inc. Chairman James Go and company President and Chief Executive Officer Lance Gokongwei.
READ: Marcos leads inauguration of JG Summit’s expanded petrochem complex
“It is directly and indirectly employing 6,200 individuals. You are a major contributor to an industry that is forecasted to enrich our economy by P215 billion next year,” said Marcos.
Basic industry
The new complex —which will produce petrochemical materials used in the production of packaging products, vehicle parts, appliances, among others— measures 160 hectares by the seaside of Batangas City.
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“It is among the lynchpins of our industrialization, a vital link in moving up the value chain, and guarantees the supply of a critical production ingredient,” said the President.