Holcim Philippines refinances short-term borrowings with bank loan

Holcim Philippines Inc. said it had taken a P2.45-billion loan from Banco de Oro Unibank to refinance maturing short-term borrowings, according to reports by Business Inquirer.

Holcim is engaged in the manufacture, sale and distribution of four cement brands, namely, Holcim Premium Cement, Holcim Excel Cement, Holcim Duracem Cement and Holcim Wallright Cement. It is also a wholesale seller of clinker.