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LMG Chemicals Corporation

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Company Description
LMG Chemicals Corporation (LMG) was incorporated on April 20, 1970 as industrial chemicals manufacturer and distributor. This includes caustic soda, sulfur and other industrial chemicals. In October 2007, LMG transferred its acid plant and tank farm properties to wholly-owned subsidiaries, Chemphil Manufacturing Corp. (CMC), formerly Chemphil Marketing Corp., and LMG Land Development Corporation (LMGLDC).

In August 2008, LMG and LMGLDC, together with Chemical Industries of the Philippines (CIP), entered into a shares and asset purchase agreement with Chemoil Fuel Philippines, Inc. (CFPI) and Chemoil Energy Philippines, Inc. (CEPI) to sell and transfer the entire LMG shares in LMGLDC and to sell the property owned by CIP in Pinamucan, Batangas to CFPI and CEPI, respectively.

In October 2009, the Board of LMG declared LMG's investment in shares of CMC and Kemwater Phil. Corp. (KPC) as property dividends. Two months after, a deed of assignment was executed to assign LMG's rights, titles and interest over the shares in CMC and KPC to the stockholders of LMG in proportion to their respective shareholdings.

As a result of the divestments, LMG is now engaged in the trading of chemical products. The products traded include caustic soda, sulfur and other industrial chemicals.

Pursuant to a share purchase agreement executed on October 20, 2017 and the completion of the share purchase transaction on December 13, 2017, Dominic L. Sytin and Robinson W. Siao purchased 65.92% of LMG's outstanding capital stock from CIP.

Source: The Company (2018)
Security Information
Sector Industrial
Subsector Chemicals
Corporate Life 0
Incorporation Date Aug 12, 1970
Number of Directors 9
Stockholders' Meeting as per By-Laws September - third Thursday
Fiscal Year 12/31 (Month/Day)
External Auditor Reyes Tacandong & Co.
Transfer Agent Stock Transfer Service, Inc.
Contact Information
Business Address 1006B West Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City
E-mail Address rgvpayos@punolaw.com
Telephone Number (02) 631-12-61
Fax Number 631-25-17
Website http://www.chemphil.com.ph