(From left to right) SEAOIL Chairman Francis Yu, CityMall President & COO Ferdinand Sia, BCDA President and CEO Arnel Casanova, TRB Consultant Asec. Alberto Suansing, SEAOIL CEO Glenn Yu, and MNTC President Rodrigo Franco
February 25, 2015, Manila – SEAOIL Philippines, Inc., the country’s largest independent oil company, has announced a Php 350 million collaboration with CityMall Commercial Centers Inc. (CMCCI), the mall development arm of DoubleDragon Properties Corp, to put up its mega station along the Subic-Clark-Tarlac Expressway (SCTEX).
The 2-hectare property will be the first mega station to rise along SCTEX and will be operational by the end of the year. It will house some of the most popular fast food establishments in the country.
“This is one of our biggest projects this year and it is very significant because the agreement features the convergence of 100% Filipino-owned companies. We are honored to partner with DoubleDragon, one of the fastest growing commercial and residential property developers in the Philippines,” said Glenn Yu, SEAOIL CEO.
The mega station is located midway from Baguio to Manila which makes it a perfect stopover for motorists coming from the north. The full service filling station will have an array of restaurants, convenience stores and “pasalubong” kiosks. It will also have spacious rest rooms, parking spaces and relaxation areas for travel-weary customers.
For over eighteen years, SEAOIL has consistently been able to introduce more advanced and environment-friendly fuel specifications ahead of its competition. SEAOIL is committed to providing high-quality and affordable products to more Filipino consumers and continues to expand its retail network even in areas with under-served markets.
From one station when it started retailing in 1997, it now has over 400 stations in different parts of the archipelago. It also currently owns and operates 11 strategically-placed depots all over the country.
DoubleDragon is a joint venture between Injap Investments Inc. headed by its Chairman Edgar ‘Injap’ Sia II, founder of Mang Inasal Philippines Inc., and Honeystar Holdings Corp. headed by its Chairman Mr. Tony Tan Caktiong, who is also the founder and chairman of Jollibee Foods Corp.