Cement News tagged under: Union Cement

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Phinma Group plans new capacity

26 March 2018, Published under Cement News

Phinma Group has announced plans to return to the Philippine cement market, according to the Business Inquirer. The company is constructing a 2Mta plant in Bataan, which is expected to be operational by the 1Q19. Registered by Phinma in September 2017, Philcement has begun supplying the market to prepare the distribution network for when the new plant comes online. The company’s flagship brand, Union Cement, has been reintroduced into the market as part of the project. According to Ed...

Union Cement reports 5.1% rise in profits for 2Q16

01 August 2016, Published under Cement News

Union Cement in the UAE  saw a 5.1 per cent YoY rise in 2Q16 profits to AED29.72m from AED28.27m in 2Q15.  The company posted a 24.9 per cent fall in its 1H16 profits from AED54.7m the previous year to AED41.07m. Sales declined 18.3 per cent to AED257m.