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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 BOD 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.

Source: SEC Form 17-A (2016)
Security Information
Sector Industrial
Subsector Chemicals
Corporate Life 0
Incorporation Date Aug 12, 1970
Number of Directors 11
Stockholders' Meeting as per By-Laws September - third Thursday
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Stock Transfer Service, Inc.
Contact Information
Business Address Chemphil Building, 851 Antonio Arnaiz Ave., Makati City
E-mail Address chemphilgroup@.chemphil.com.ph
Telephone Number 818-8711 to 26
Fax Number 817-4803
Website http://www.chemphil.com.ph