Phinma Corp begins imports from Vietnam

Philippine cement company Phinma Corp has recently imported 50,000t of cement, or approximately two million bags, from Vietnam with plans to import the same volume per quarter to a total of 200,000tpa as it breaks into the Philippines market.

The Philippine cement market is expanding rapidly due to large government-funded infrastructure projects. Registered by Phinma Corp in September 2017, PhilCement aims to produce around 3Mta of cement.

 Phinma is headed by Eduardo Sahagun, formerly CEO of Holcim Philippines Inc.