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THE
rising popularity of liquified petroleum gas as vehicle
fuel is expected to boost the sales performance of
Liquigaz Philippines Corp. by 15 percent by the end of
the year.
“Our
financial performance in the first half of the year was
pretty good, and we expect it to carry onto the second
half of the year. By year-end, we target to sell 300,000
metric tons, or P1.2 billion, from 285,000 metric tons
last year,” said Patrick Libihoul, company president.
Liquigaz
has forged an alliance with Naiadss Corp., Seaoil
Philippines Corp., Eastern Petroleum Corp., Unioil
Petroleum Philippines Inc., and Dura Lo Gas Inc. to form
the biggest network of autogas retailers in the country.
Libihoul
said their market share stood at 25 percent in the first
quarter from 22 percent last year. but they have yet to
acquire market share data for the second quarter. Having
bought Chevron Philippines’ industrial and commercial
business, he added, “we should have cornered 26 percent
to 27 percent market share. The autogas is a very
promising segment; we are only serving now the
commercial vehicles, we really hope to promote the use
of autogas among fleets and private vehicles as well.”
Liquigaz
is a 100-percent international subsidiary of SHV Group
of Netherlands, the world’s largest LPG supply and
distribution company with 8 million tons sold and with
presence in 23 countries.
In Asia,
Liquigaz has well-established markets in
China,
India, Pakistan and the Philippines. The company owns
the largest pressurized LPG import terminal in the
country with 12,000 metric tons storage capacity.
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