PTT eyes more transactions with generation and mining sectors by 2015

By Juzel L. Danganan

MANILA, Nov. 25 (PNA) — Thailand’s state-owned PTT Philippines Corporation Plc. is eyeing more mining and power plant fuel supply transactions by 2015, said PTT Phils Corp Plc General Manager Danilo Alabado.

“We are also supplying some mining companies and power plants, we will continue to expand on that sector of the business,” Alabado told reporters in their year-end press conference Tuesday.

Aside from eyeing the said industries, PTT is planning to expand their retail stations by 15 in 2015. Currently, PTT has 74 in the country, with Luzon having 65 and Cebu having nine.

It added that it plans to increase retail stations in the Cebu province, along with the areas in Pangasinan and Nueva Ecija.

PTT Phils Corp’s Public Relations Manager Vittaya Viboonterawud also said that Filipino investors, both in Visayas and Mindanao had expressed interest to have a dealership for their areas.

Relatively, Viboonterawud assured that the postponed entrance of PTT Phils in the Mindanao market, is not due to the chaos in the area.

“Not really, we want to expand, but we have to study,” he said.

The company also cited investor’s clamor in Davao and Cagayan de Oro, to open up a PTT station there.

For its sales volume for 2015, PTT Phils Corp General Manager Alabado is projecting to sell 1,050 million liters of fuel, higher by 6.5 percent than 2014. Its sales volume from Jan-Oct is currently at 857 million liters.

“For the past 10 months year-on-year, our sales volume performance per liters was 25 percent higher than planned. But 28 percent higher than 2013,” he said.

For 2015’s sales revenue, it is targeting to earn 33,069 million liters, or 22 percent higher than 2014. It is attributed to the decrease of oil prices.

PTT has reported a sales revenue of Php36.620 million for 2014, better by 30 percent than 2013’s Php26 million.

The company has recently supplied fuel to American ships and Japanese vessels, at 5 million liters and 1.4 million liters.

Aside from marine transactions, PTT has also signed with Lubewell, a supplier to Qatar Airways, supplying three million liters a month.

For 2014, PTT Phils Corporation’s market share has also grown from 1.7 percent from 2013 to 2.4 percent.

The Thailand-owned company also noted a new investment offer for local businesses next year.

Its Platinum Station in Lucena will also open by Jan. 14, while its Subic-Clark Tarlac Expressway (SCTEX) service station will have its groundbreaking as early as January or February.

PTT Philippines Corporation (PTTPC) is one of the wholly owned subsidiary companies in the Philippines of PTT Public Company Limited (PTTPLC), operating for more than a decade. It is engaged in the primary business of marketing refined petroleum products and lubricants are focused on three major segments — retail, wholesale and commercial markets. (PNA)