Yokohama signs supply agreement with Unioil

Unioil Petroleum Philippines Inc. has signed a Php20 million (US$421,000.01) contract with tire manufacturing firm Yokohama Tire Philippines Inc., which makes Unioil the industrial and marine oil supplier to the tire giant. Unioil General Manager Chito Medina-Que Jr. said the partnership, which began in 1997, will give a boost to the oil company’s business expansion program. Unioil has fewer than 50 retail stations in the country, the bulk of which are in Luzon. (August 6, 2009)