Tag: phoenix petroleum

Phoenix Petroleum bags Meralco supply deal

In photo (from left) are Phoenix Petroleum COO Henry Albert Fadullon, Meralco chief technology advisor Gavin Barfield (at the back), Meralco head of supply chain and logistics management Ruben Benosa, Meralco first vice president and head of networks Ronnie Aperocho, Meralco senior vice president Alfredo Panlilio, Meralco CFO Betty Siy-Yap, Phoenix Petroleum vice chairman Romeo De Guzman, Phoenix Petroleum director Joseph John Ong and Phoenix Petroleum vice president for external affairs Raymond Zorrilla.

MANILA, Philippines — Phoenix Petroleum Philippines Inc. has added Manila Electric Co. (Meralco), the country’s largest power distributor, to its list of commercial clients.

In a statement, Phoenix Petroleum said it has been awarded the contract to supply and deliver fuel to Meralco.

Under the contract, Phoenix will supply fuel, particularly its new fuel additive Phoenix PULSE Technology,  to Meralco’s 11 fuel stations.

Meralco head of legal and deputy general counsel William Pamintuan said the contract underwent bidding and passed the necessary technical requirements.

“We believe that Phoenix, a brand synonymous with high value products, will certainly help ensure that our fleet of vehicles get the high quality fuel it needs to continue rendering uninterrupted service which Meralco needs as a 24 hour service company,” he said.

In a text message, Phoenix Petroleum vice president for external affairs Raymond Zorrilla said the contract was bid out to supply 400,000 liters per month.

“We are now actually talking about other aligned services we can do for them,” he said.

Phoenix Petroleum is among the country’s top three providers of fuel to a wide range of commercial and industrial businesses in power, marine, manufacturing, transportation, aviation, and other industries.

Among its commercial accounts include Cebu Pacific, to which it supplies majority of the budget airline’s requirements, and Philippine Airlines, which the oil firm provides the flag carriers requirements outside Manila.

The company gained new key accounts and won bids last year to supply companies in the land transport, construction, mining, power, manufacturing, marine, fishing, and shipping industries.

Phoenix Petroleum recorded a 65 percent jump in net income to P1.79 billion last year.

Sales volume to commercial and industrial businesses grew by 15 percent, while aviation rose 13 percent as the oil company firmly established itself as the third major player in the commercial and industrial segments.

This has fueled the growth in sales volume and helped the company grow its consolidated revenues by 52 percent to P46.3 billion.

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

Earlier this year, it expanded its business into convenience retailing after acquiring Philippine FamilyMart, and to asphalt manufacturing, marketing, and distribution through Phoenix Asphalt Philippines Inc.

*This article was published in The Philippine Star on April 26, 2018, and can also be found online at: https://www.philstar.com/business/2018/04/26/1809373/phoenix-petroleum-bags-meralco-supply-deal

Phoenix planning to bring FamilyMart to Clark

By Victor V. Saulon, Sub-Editor, BusinessWorld

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.

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.


*This article is copied from the article published by BusinessWorld in the newspaper on Feb. 14, 2017  and is available online at: http://bworldonline.com/phoenix-planning-bring-familymart-clark/

Phoenix unveils new Muntinlupa station


DENNIS Uy-led Phoenix Petroleum Philippines, Inc. recently opened its newest retail station along West Service Road in Muntinlupa City as part of efforts to strengthen its retail network.

Phoenix Petroleum said in a statement on Thursday that the Muntinlupa station, which sports a clean, modern, and sleek style, was the 100th built under a redesign program.

“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,” the company added.

“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,” Phoenix Petroleum Chief Operating Officer Henry Fadullon said.

Phoenix Petroleum is a publicly-listed company 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.

Incorporated in 2002, the company currently operates more than 500 stations nationwide.

Aside from its expanding retail network, the leading independent oil firm serves major accounts in various industries such as power, shipping, logistics, manufacturing, construction, and transportation.

 Phoenix Petroleum recently ventured into the convenience retailing business after completing the acquisition of the local operations of FamilyMart earlier this month.

It also signed a joint venture agreement with Tipco Asphalt Public Co. Ltd of Thailand and PhilAsphalt (Dev’t) Corp. to market and distribute bitumen and bitumen-related products in the country.

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*This article is copied from the story published by The Manila Times in the newspaper on February 2, 2018 and is available online at: http://www.manilatimes.net/phoenix-unveils-new-muntinlupa-station/377665/

Phoenix completes FamilyMart acquisition


Phoenix Petroleum Philippines Inc., a company led by businessman Dennis Uy, said Thursday it completed the acquisition of the entire shares of SIAL CVS Retailers Inc., FamilyMart Co. Ltd. and Itochu Corp. in Philippine FamilyMart CVS Inc.

“A new exclusive area franchise agreement of the Family Mart branch of convenience store in the Philippines was granted to Philippine FamilyMart CVS Inc. under the management of the company,” Phoenix said in a disclosure to the stock exchange.

The Philippine Competition Commission approved the transaction on Jan. 3.

Phoenix is a publicly-listed corporation that trades petroleum products on the wholesale and retail basis and operates gas stations, oil depots, storage facilities and allied services. The ultimate parent of Phoenix is Udenna Corp.

Philippine FamilyMart is a domestic corporation engaged in the business of operating convenience stores under the trademark “Family Mart.”

Phoenix earlier said the potential acquisition of PFM would complement its retail fuel business, with 518 stations nationwide, and marked its entry into the fast-growing domestic convenience retail market. The value of the transaction was not disclosed.

The Mergers and Acquisitions Office of PCC found that the transaction would not result in substantial lessening of competition in the relevant market.

The PCC said there was no ability or incentive for the firms to engage in foreclosure after the acquisition. The antitrust commission also said there were sufficient competitive constraints from other players in the same market after the transaction.

The PCC approved Phoenix’s acquisition of the liquefied petroleum gas business of Petronas Energy Philippines Inc. last year.


*This article is copied from the story published by Manila Standard in the newspaper and is available online at http://thestandard.com.ph/business/biz-plus/256090/phoenix-completes-familymart-acquisition-.html

Phoenix enters Singapore fuel market

By JORDEENE SHEEX LAGARE on September 25, 2017

LISTED Phoenix Petroleum Philippines, Inc.’s board of directors has approved the establishment of a trading company in Singapore to market and trade its fuel products.

The oil company informed the Philippine Stock Exchange (PSE) last Friday that the Singapore trading company will be set up “for the primary purpose of facilitating and negotiating the supply and trading of the company’s fuel products and secondly, to engage in the trading business in Singapore for purposes of eventually serving other third parties and customers.”

Phoenix said its board also approved the appropriation of P510 million for the establishment and operation of the Singapore-based trading company.

Phoenix Petroleum Chief Operating Officer Henry Albert Fadullon said last week that the company is keen on expanding its portfolio not just in the liquefied petroleum gas (LPG) business but also in other facets of their enterprise.

“I think we’ve always been vocal about our aspirations. We want to be a credible and a preferred alternative to the majors,” Fadullon added.

The Davao-based company secured regulatory approval in August for the acquisition of Petronas Energy Philippines, Inc. (PEPI) and Duta Inc. from PDB (Netherlands) B.V. Duta holds various parcels of land used in relation to PEPI’s operations.

Phoenix markets refined petroleum products and operates gas stations, oil depots, storage facilities and allied services. It currently has 518 retail stations throughout the country. It reported net income of P610 million in the first six months of this year, up 35 percent from the same period last year.

Shares of Phoenix Petroleum ended on Friday at P12.44 apiece.

*This article is copied from The Manila Times, published on September 25 newspaper, page B3 and can be found online at http://www.manilatimes.net/phoenix-enters-singapore-fuel-market/352609/

Phoenix on track to exceed 2016 profit

By Victor V. Saulon, Sub-Editor, BusinessWorld, September 21, 2017

PHOENIX Petroleum Philippines, Inc. expects to exceed last year’s sales and income as 2017 ushered in new revenue sources for the company that has steadily expanded its market share to become one of the country’s top five sellers of oil products.

“Our objective is to grow top line and bottom [line], not just bottom,” said Henry Albert R. Fadullon, Phoenix Petroleum chief operating officer, in a briefing on Wednesday in Taguig City.

“It will be better than last year. I am not talking about percentages,” he said. “I am talking about absolute numbers.”

In absolute numbers, Phoenix Petroleum in 2016 posted a net income of P1.09 billion, higher by 21% compared with the earlier year’s bottom line as fuel sales increased by double digits after what it called a “solid” growth in volume.

Core earnings from the fuel business more than doubled to P937 million from P416 million because of better margins and sales mix. Fuel sales volume last year grew by 25% and hit the 1.5-billion liter milestone, driven by solid growth in retail and commercial volume.

As of the first half, Mr. Fadullon said Phoenix Petroleum completed 518 retail service stations, with plans to study new locations for the rest of the year.

In 2016, the company built 505 stations nationwide, up from 454 in 2015. Its wholesale market includes companies in the aviation, power, marine and road transport businesses.

The company was also cleared by competition regulators on its acquisition of Petronas Energy Philippines, Inc. (PEPI), marking its foray into the liquefied petroleum gas (LPG) market.

Petronas Energy is expected to be a strong growth and value driver for Phoenix Petroleum as it continues to expand its presence in the petroleum industry.

Mr. Fadullon said Petronas Energy had been consolidated into the company beginning August and is expected to contribute to earnings by end-2017.

Petronas Energy is engaged in the LPG business largely in the Visayas and Mindanao. It has allowed Phoenix Petroleum to become a more diversified petroleum company with an enhanced product mix and a more robust platform for growth.

In June, the company opened a new terminal in Consolacion, Cebu, its ninth facility in the country and its largest in the Visayas. The terminal has a capacity of 15 million liters and can store diesel, gasoline, jet fuel, special fuel oil and industrial fuel oil.

It was built to better serve the fuel and lubricant needs of Phoenix’s retail network and commercial customers in shipping, airlines, construction, mass transportation and other industries in the Visayas.

With the new facility, Mr. Fadullon said the company now has three such terminals each in Luzon, Visayas and Mindanao.

“We would like to grow as much as we can,” he said.

The company has earmarked P10 billion for its capital expenditures starting this year and into the next three years. Of that amount, P2 billion will be spent in 2017.

Phoenix Petroleum, which celebrated its 10th stock market listing year in July, claims to be the country’s top independent oil company. Energy department figures lists it as the country’s fifth largest in terms of market share.

On Wednesday, shares in Phoenix Petroleum rose 2.35% or by 30 centavos to close at P13.04 each.

*This article is originally posted online by and copied from BusinessWorld: http://bworldonline.com/phoenix-track-exceed-2016-profit/

Phoenix Petroleum core income up 35% in H1

By Danessa Rivera (The Philippine Star) | Updated August 14, 2017 – 12:00am

MANILA, Philippines –  Phoenix Petroleum Philippines Inc.’s core income grew 35 percent to P610 million in the first half from P450 million a year ago due to strong petroleum sales.

Revenue from the core petroleum business also grew 24 percent to P18.9 billion from a year ago.

As of end-June, the company completed 518 Phoenix retail service stations. Its lubricant sales maintained its solid growth with volume up 18 percent year-to-date.

Meanwhile, commercial also continued to deliver new direct accounts, at the same time expand its market share within existing accounts, with notable wins in power, marine transport, and road transport, among others.

“We will continue to sustain the growth momentum of our company as we expand our retail, commercial, lubricants, and LPG businesses, drive operational excellence, and acquire companies,” Phoenix Petroleum president and CEO Dennis Uy said.

Last May, Phoenix Petroleum announced plans to acquire Petronas Energy Philippines Inc. (PEPI), which holds the Petronas liquefied petroleum gas (LPG) brand in the Philippines, for $126.1 million or P6.27 billion, marking its foray into the LPG market.

Phoenix Petroleum secured approval from the Philippine Competition Commission on Aug. 3 and is expecting to close the transaction in the same month.

The company said the acquisition of PEPI will be a strong growth and value driver as it continues to expand its presence in the petroleum industry.

*THIS ARTICLE IS RE-POSTED FROM THE PHILIPPINE STAR’S WEBSITE: http://www.philstar.com/business/2017/08/14/1728536/phoenix-petroleum-core-income-35-h1

Phoenix Petroleum wins Outstanding Filipino Franchise award

By Manila Times, 7 Aug 2017

PHOENIX Petroleum was named Outstanding Filipino Franchise in Retail-Large Store Category in the 2017 Franchise Excellence Awards (FEA), the second time for the company to receive the prestigious award, at the SMX Convention Center, SM Mall of Asia, Pasay City on July 19, 2017.

FEA is the most distinguished award in the franchising sector given to best-managed companies that are benchmarks for all fran- chising businesses. It is organized by the Philippine Franchise Association and the Department of Trade and Industry in cooperation with the Philippine Retailers Association and the Philippine Chamber of Commerce and Industry.

Phoenix Petroleum’s second win in the FEA places it in the awards’ Hall of Fame, given to businesses which win twice in the same award category.