About Prycegases Incorporated
PRYCE GASES, INCORPORATED (PGI) is 98% owned by PRYCE CORPORATION. It is engaged in the manufacture and distribution of industrial and medical gases and liquefied petroleum gas (LPG) under the trade name “PRYCEGAS”. The Company operates in Mindanao and Visayas areas. “PRYCE” is derived from the Celtic word which stands for price value. Through planning and calculated risk taking, Pryce Gases, Inc., seeks fast growth in all undertakings. PGI was organized on October 8, 1987 to primarily engage in the production and sales of industrial gases. Its humble beginnings may be traced in 1981 when Pryce Development Corporation (PDC), the mother company of the Pryce Group, entered into a management contract with the Central Luzon Oxygen and Acetylene, Co. Inc. (CLOACO) to provide management services to the latter. CLOACO was in the business of producing and selling Oxygen and Acetylene gases. In 1982, PDC acquired full ownership of CLOACO in what may be considered a “rescue” acquisition. Soon after, CLOACO began to operate profitably through the implementation of a major marketing program throughout Central Luzon and the optimum utilization of production capacity. |