Filipino cement importers express opposition to safeguard measures
Cement importers in the Philippines have responded to concerns about influx of foreign cement, saying that it has not significantly harmed the local industry, during the ongoing...
Philcement
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PHINMA Corp to acquire Petra Cement for PHP500m
Philippines-based PHINMA Corp announced it will acquire Petra Cement Inc for PHP500m (US$8.6m). The conglomerate signed a purchase agreement through its subsidiary Philcement Co...
DTI and Phinma agreement on labelling guidelines
In 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...
PhilCement responds to standards compliance claim
The 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...
Bataan terminal to open before year-end
Phinma 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 ...
Phinma Corp set to invest in Vietnam's Song Lam Cement
Philippine-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 ma...
PhilCement obtains loan to build terminal
Philippines-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 co...