Cement News tagged under: PhilCement
DTI and Phinma agreement on labelling guidelines12 November 2020, Published under Cement NewsIn light of the new renewed labelling conventions for cement products in the Philippines, the Department of Trade and Industry (DTI) and the Phinma group affirm their commitment in providing quality products for Filipino customers at a fair and competitive price. The DTI and Phinma are in full agreement that this clarity of labelling convention will help customers select the cement products they prefer. Phinma group’s subsidiary Philcement will adjust from the old guidelines to the new ru... |
PhilCement responds to standards compliance claim01 October 2020, Published under Cement NewsThe Cement Manufacturers of the Philippines (CeMAP) has reported a potential standards compliance issue against PhilCement Corp to the country’s Department of Trade and Industry (DTI), according to the Manila Bulletin. CeMAP Executive Director, Cirilo Pestaño, raised the "possible non-compliance of PhilCement Corp’s Union V Super Strength 40 Type 1P cement to Philippine National Standards (PNS) and Department Administrative Order (DAO) 17-06, or the new rules covering cement in the countr... |
Bataan terminal to open before year-end03 October 2019, Published under Cement NewsPhinma Corp subsidiary Philcement Corp has stated that its PHP800m (US$15.4m) cement terminal in Bataan will be opened before the end of the year. Phinma is using Philcement as its vehicle for its cement industry comeback in a move to contribute significantly to the growing demand for reliable and quality cement and construction materials in the Philippines. Philcement President and Chief Executive Officer, Eduardo Sahagun, said the new terminal, "will be a meaningful part of Phinma’s... |
Phinma Corp set to invest in Vietnam's Song Lam Cement20 September 2019, Published under Cement NewsPhilippine-based Phinma Corp is set to invest in Vietnam’s Song Lam Cement JSC through the acquisition of preferred shares worth PHP2.6bn (US$50m). Song Lam will now become a major supplier of PhilCement Corp, which is 60 per cent owned by Phinma, according to a company disclosure. Following the investment, Phinma will be entitled to nominate one member of Song Lam’s board of directors and the chief financial officer of the company. In the 1H19 Phinma saw its consolidated net income inc... |
PhilCement obtains loan to build terminal05 June 2018, Published under Cement NewsPhilippines-based Phinma Corp has announced that its cement trading unit secured a PHP875m (US$16.69m) loan to construct a new cement terminal. "The loan will be used for the construction of the cement terminal that will be located in Mariveles, Bataan," said Phinma in a statement. PhilCement Corp signed the five-year fixed-term loan agreement with Security Bank on 1 June, according to Business World. Phinma recently reported its consolidated net income rose 37 per cent YoY to PHP66.... |
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