Southeast Asia Cement Holdings Inc (Seacem) has sold its entire stake in listed affiliate Lafarge Republic Inc worth PHP11.32bn (US$227.9m). The stake has been sold as part of the company's bid to raise cash and improve the firm's financial position amid the likely entry of a new investor, Seacem said in a disclosure.

Disappointing 1H25 for Indonesian cement
Cement sales in Indonesia amounted to 5.014Mt in June, a drop of 6.3 per cent YoY compared to th...