Sunday 27 May
Powered by Ajaxy
Jan 16, 2018 @ 17:30

Phoenix, Thailand’s TIPCO to jointly establish bitumen distribution center


Phoenix Petroleum Philippines Inc. has entered into a joint venture with TIPCO Asphalt Public Co. Ltd. of Thailand and Asphalt Dev’t Corp. to distribute all kinds of Bitumen in the Philippines.

A joint venture company, PhilAsphalt has been formed to serve as the corporate vehicle for the project.

Bitumen is an oil substance used in asphalting roads and roofing.

The project is aimed at taking advantage of the expected surge in public and private spending on infrastructure.

Owned by Davao-based businessman Dennis Uy, Phoenix is the leading independent and fastest growing oil company. It is engaged in the business of trading refined petroleum products and lubricants, operation of oil depots and storage facilities, shipping and logistics, and allied services.

TIPCO Asphalt, on the other hand, is the leading manufacturer and distributor of asphalt products for repair, maintenance and construction of road pavements, highways and airport runways in Thailand and the Asia‐Pacific region.

Its asphalt products are also sold to importers and road contractors in Africa, Australia and North America.

Tags: , , , , , , , , , , , , , , ,

Related Stories
Top music streaming platform Spotify said Wednesday that it narrowed its losses in the first
With more and more people embracing digital mobile payment services, Mynt, the digital payments arm
E-commerce giant Alibaba is steering resources towards driverless car technology, its CEO Jack Ma confirmed
The Securities and Exchange Commission has asked the investing public to exercise caution when dealing


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.