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The week also saw the opening of
three other stations in the Philippines, namely, in Pigkawayan, Cotabato, Catalunan Grande, Davao
City, and Lagao in General Santos City. The three are the first Phoenix
outlets in their areas.
The Lagao, GenSan station, which opened April 30, is operated
by Hawak Kamay Multi-Purpose Cooperative, a transport group cooperative
responsible for transporting NFA rice throughout Mindanao. On May 7,
another station in Bulaong, Gensan will open.
Phoenix recently opened its sales office in General Santos and
Cagayan de Oro cities, in addition to those in Davao and Manila to
reach out to more business partners.
Phoenix is on a fast-track expansion mode as it eyes to reach 70
stations by June. By the end of 2008, the homegrown player targets
opening 100 stations.
Phoenix retail service stations now operate in major parts of
Mindanao, such as Davao City, Davao del Norte, Davao del Sur,
Compostela Valley, Surigao, Bukidnon, North Cotabato, South Cotabato,
Agusan del Sur, and Sultan Kudarat.
Phoenix Petroleum, which launched its business with a single
station in June 2005, is engaged in the business of trading refined
petroleum products, lubricants and other chemical products, operation
of oil depots and storage facilities, and allied services, mainly in
Southern Philippines. Its products and services are distributed and
marketed under the “Phoenix Fuels LifeTM” trademark.
Incorporated in May 2002, Phoenix launched its initial public offering on July 2007, the first Davao-based company to do so.
PetrolWorld 060508
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