Pryce Corp. is investing about P6 billion to build three new air separation plants nationwide as part of its long-term growth strategy.
Pryce disclosed to the Philippine Stock Exchange that the board approved construction of the air separation plants, estimated to cost P2 billion each.
The plants, to be located in Davao, Bacolod and Pangasinan, are geographically designed to serve the three regions and are expected to be completed within three years, starting in 2026.
“This expansion directly supports PPC’s goal of becoming the largest industrial gas company in the Philippines, a milestone the company aims to achieve within the same three-year period,” it said.
An air separation plant is a facility constructed and operated to produce various industrial gases, such as liquid oxygen, nitrogen and argon, by using the cryogenic process of separating elements from air, which serves as the raw material.
The air separation plant is needed since one of Pryce’s key business segments is the manufacture and distribution of industrial gases, and therefore the construction and operation of this plant will allow the company to further expand and develop its industrial gases arm.
Pryce’s first air separation plant, located at Barangay Mambatangan, Manolo Fortich, Bukidnon, has been in operation since the second quarter of 2024.
Meanwhile, Pryce reported a 35.1 percent increase in consolidated net income for the nine-month period ending Sept. 30, 2025, equivalent to P777 million year-on-year to P2.99 billion from the same period in 2024.
Consolidated revenues rose 10.6 percent or by P1.63 billion to P15.812 billion, driven by increased sales volume in liquefied petroleum gas (LPG) and industrial gases.
This figure includes gains on marketable securities and other income totaling P1.6 billion.
LPG and industrial gases contributed P15.49 billion, accounting for 91.3 percent of total revenues.
Real estate and memorial park operations added P279 million; pharmaceutical products contributed P45 million; and dividend and other income totaled P310 million.
Unrealized gains on marketable securities amounted to P 847 million.
Earnings per share (EPS) for the period increased to P1.4748, up from P1.0830, reflecting a 36.2 percent year-over-year increase and continued shareholder value creation.
