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ENTITY
Pryce Corp (PPC PM)
Pryce Corp (PPC PM)
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Analysis
Energy • Philippines
Pryce Corporation produces and sells industrial gases under the PryceGas brand name in the Philippines. The company operates through Real Estate; LPG, Industrial Gases, and Fuels; and Pharmaceutical Products segments. It engages in the manufacture, purchase, importation, sale, and distribution of various kinds of liquefied petroleum gas (LPG) and industrial gases, such as oxygen, acetylene, hydrogen, nitrogen, argon, carbon dioxide, nitrous oxide, compressed air and helium, and other allied or related products, including its containers, equipment, and other receptacles. As of December 31, 2015, the company operated 8 LPG marine-fed terminals and 32 refilling plants. It is also involved in the acquisition of raw land and its conversion into various developments, primarily memorial parks. The company owns and operates memorial parks in Cagayan de Oro, Iligan, Ozamiz, Polanco, Zamboanga, and Davao; and smaller-sized memorial parks in Manolo Fortich and Malaybalay in Bukidnon, Malita in Davao del Sur, Bislig in Surigao del Sur, and Alabel in Saranggani, as well as owns Pryce Plaza, a convention hotel located in Cagayan de Oro City. In addition, it distributes and sells pharmaceutical products, such as vitamins and food supplements on wholesale and retail basis. The company was formerly known as Pryce Properties Corporation and changed its name to Pryce Corporation in July 1997. Pryce Corporation was founded in 1989 and is headquartered in Makati City, the Philippines.
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