The business of JG Summit started in 1954 when Universal Corn Products, Inc. (now Universal Robina Corporation) was established to operate a cornstarch plant in Manila. Since then, JG Summit has pioneered breakthroughs, broadened its enterprise and stayed at the forefront in every phase of the country's rise to development - the entrepreneur, who invested in agribusiness and the manufacture of feeds and prime food commodities; the visionary, who channeled resources and expanded into financial services, textile and property, all backbones of a growing economy; the captain of industry, who invested in power, telecommunications, petrochemicals, cement, and air transportation, all requisites for industrialization; the innovator, who continually provides value and fun in snacking; and the new regional multinational, who has embraced the challenge of global competitiveness with zeal. JG Summit has five (5) core businesses: branded consumer, agro-industrial and commodity food products in Universal Robina Corporation; real estate and hotels in Robinsons Land Corporation and United Industrial Corporation (Singapore); petrochemicals in JG Summit Petrochemicals Corporation; air transportation in Cebu Pacific Air; and financial services in Robinsons Bank. JG Summit's place in Philippine business has for its cornerstone a business portfolio of market leaders, a solid financial position, a formidable management team, and a vision of leading the country to global competitiveness and making life better for every Filipino.