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Chemphil Group

 

In 1981, Chemphil's inorganic chemicals (sulfuric acid) manufacturing and trading businesses were spun off under the name of Chemphil Manufacturing Corp. (CMC)

was incorporated on December 13, 1993.

On June 7, 1996 the company amended its Articles of Incorporation changing its primary purpose and subsequently changed its corporate name to Chemphil Marketing Corp. (CMC).

On October 5, 1998, the company entered into an agreement with GFI Far East PTE LTD. to be its exclusive agent in the selling of liquid caustic soda in the Philippines. GFI Far East is an affiliate of GFI, Inc., a global caustic soda trading company with headquarters in Florida, USA. It is one of the largest caustic soda distributors in the world operating in Sweden, United Kingdom, Japan, and Australia and in the Far East.

On 23 October 2007, the Board of Directors of LMG Chemicals Corp. (LMG) approved a resolution for the transfer of its properties as follows: 

  1. Properties located in Pasig (the 'Acid' Plant) and Taguig Cities, and San Pascual, Batangas, other assets and liabilities to Chemphil Marketing Corp.

  2. Properties in Pinamucan, Batangas, (the 'tank farm'), other assets and liabilities to LMG Land Development Corp.

The purpose of the transfer is to consolidate the acid plant and tank farm operations into individual holding companies for better management and monitoring of operations. 

Both Chemphil Marketing Corp. and LMG Land Development Corp. are wholly-owned subsidiaries of LMG

During the transfer, the Chemphil Marketing Corp. also filed an application with Securities and Exchange Commission (SEC) a request to change the corporate name of Chemphil Marketing Corp. to Chemphil Manufacturing Corp. 

On 08 February 2008, the SEC approved and granted the request of Chemphil Marketing Corp. and thus, its new corporate name is now Chemphil Manufacturing Corp. (CMC).

 

Last Update : 26 October 2009