Union Cement’s new name

Union Cement’s new name
Published: 06 September 2004

Union Cement Corp.’s board has approved a change in the company’s name to Holcim Philippines Inc. after Swiss cement maker Holcim’s  affiliate, Cemco Holdings Inc., raised its stake in Union Cement to 51%, at a cost of $150 million. The original level of Cemco’s stake in Union Cement wasn’t disclosed.