KUALA LUMPUR: Petron Malaysia Sdn Bhd, formerly known as Esso Malaysia Bhd (EMB), expects to further rebrand 120 stations in Malaysia by year end in line with its focus to aggressively build revenue and create efficiencies at all levels.
Last April, Philippine-based Petron Corporation, a unit of conglomerateSan Miguel Corp acquired the Malaysian businesses of oil refiner Exxon Mobil, namely 65% of EMB and Exxon Mobil units Exxon Mobil Malaysia Sdn Bhd and Exxon Mobil Borneo Sdn Bhd.
Petron Corp's unit Petron Oil and Gas International has assumed control of the three companies.
In a statement after its EGM on Monday, Petron Malaysia said all its activities were well on track after the successful transition.
On May 14, the mandatory general offer in relation to Petron Malaysia subsidiary, EMB was completed which resulted in the company owning 73.4% paid-up capital and voting shares of EMB.
Subsequently on June 15, the first phase of Petron rebranded stations was completed.
The company also said the study for the upgrade of the Port Dickson refinery was progressing well with its completion due by this year.
"The focus is also to push the rebranding of our service stations. We look forward to creating growth for the business and with dedicated efforts of our employees, network dealers and business partners, the company is confident of success," Petron Malaysia said. - Bernama
Comments :-
We will see Philipine-based company, to compete with Petronas Bhd in future. How good is petrol from Philippine?
Exxon Mobil/Esso Station rebrand to Petron in progress ....
Petron Station at KESAS highway
Company Profile
Established in 1890 as a single-product brewery,San Miguel Corporation (San Miguel) is the Philippines’ largest beverage, food and packaging company. Today, the company has over 100 facilities in the Philippines, Southeast Asia, and China.
One of the country’s premier business conglomerates, San Miguel’s extensive product portfolio includes over 400 products ranging from beer, hard liquor, juices, basic and processed meats, poultry, dairy products, condiments, coffee, flour, animal feeds and various packaging products.
For generations, the Company has generated strong consumer loyalty through brands that are among the most formidable in the Philippine food and beverage industry – San Miguel Pale Pilsen, Ginebra, Monterey, Magnolia, and Purefoods. Flagship product, San Miguel Beer, holds an over 95% share of the Philippine beer market.
In addition to its leadership in the Philippine food and beverage industry, San Miguel has established a significant presence overseas. The Company’s operations extend beyond its home base of the Philippines to China (including Hong Kong), Vietnam, Indonesia, Malaysia, Thailand and Australia.
Through strategic partnerships it has forged with major international companies, San Miguel has gained access to managerial expertise, international practices and advanced technology, thereby enhancing its performance and establishing itself as a world-class company.
San Miguel’s partners are world leaders in their respective businesses. Kirin Brewery Co., Ltd. is a major shareholder of San Miguel Brewery. The Company also has successful joint venture relationships with US-based Hormel Foods Corporation, Nihon Yamamura Glass and QTel, a telecommunications company in Qatar.
In the Philippines, San Miguel’s corporate strategy is at aimed capitalizing on new growth markets through acquisitions and further enhancing its competitive position by improving synergies across existing operational lines.
The company has significantly expanded its participation in both its core businesses of food, beverage and packaging, as well as heavy industries including power and other utilities, mining, energy, tollways and airports.
