Phoenix Petroleum now open in Umapad, Mandaue City, Cebu
Phoenix Petroleum Philippines, Inc. (PNX) is opening its newest station in Umapad, Mandaue City, Cebu. The Phoenix Mandaue station is a first venture by the Hayco Fuel Enterprise headed by its General Manager and PNX Dealer Erika O. Hayco.
On hand to witness its official opening on-site at the Phoenix station along U.N. Avenue, Umapad, Mandaue City located on the way to the new Mandaue bridge is Mr. Alan Raymond T. Zorrilla, PNX Vice President – External Affairs, Business Development and Security. He will be joined by Mandaue City Vice Mayor Hon. Glenn Bercede and Mandaue Chamber of Commerce Past President Mr. Eric Ng. Mendoza.
About Phoenix Petroleum Philippines
The Company Phoenix Petroleum Philippines, Inc. (PNX) is the leading independent and fastest-growing oil company in the Philippines. Since its first station in 2005 in the southern region of Davao, the Company has expanded nationwide to build a wide network of retail stations and commercial and industrial clients.
Phoenix Petroleum is engaged in the business of retail and commercial sales and the trading of refined petroleum products and lubricants, operation of oil depots, storage and transport services and integrated logistic services. Its products and services are distributed and marketed under the PHOENIX Fuels Life trademark.
The company’s operations are divided between trading, terminaling and hauling services. Under trading, PNX offers its refined petroleum products and lubricants to retailers and commercial clients in various industries.
Phoenix provides hauling and into-plane services of Jet A1 fuels to airports and airlines and refueling of aircraft in key cities in Mindanao. Since 2005, Phoenix has been the exclusive logistics partner of largest carrier Cebu Pacific Airlines in all their flights in Mindanao.
Phoenix Petroleum is a publicly-listed company on the Philippine Stock Exchange since July 2007, the only oil company to do so since the Oil Deregulation Law was passed in 1998.
It is ranked 53rd in the country’s Top 10,000 Corporations as of 2011.
The first Phoenix Petroleum retail service station opened in 2005. A year and a half later, 20 Phoenix stations had opened. Since then, the Company has continually expanded, with 33 stations opened in 2007 and 86 in 2008. Phoenix Petroleum ended 2009 with 120 stations in Mindanao, Luzon, and Visayas.
As of June 30, 2013, Phoenix Petroleum has network of 343 stations. Of these 343 stations, 203 are based in Mindanao, 41 in Visayas, and 99 in Luzon. It was first incorporated in 2002 as the Davao Oil Terminal Services Corporation (DOTSCO), a family business in Davao City. Heading its Board of Directors areDomingo T. Uy, Chairman and Dennis A. Uy, President and CEO.
Source: http://www.phoenixfuels.ph
*This is a press release.
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