Cemex Philippines begins US$250m stock rights offering
Cemex Holdings Philippines Inc has started the process for its planned US$250m stock rights offering, hoping to finalise it within 1Q20. The Philippine Stock Exchange (PSE) was ...
Philippines
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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 ...
Holcim Philippines inaugurates new facilities at Bulacan unit
Holcim Philippines has inaugurated new storage and loading facilities at its plant in Norzagaray, Bulacan, which it hopes will help boost production. The additions include a new...
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...
Premiere-Slag International to receive investment for plant project
Philippine-based AbaCore Capital Holdings Inc has announced a plan to invest up to PHP102m (US$1.9m) in Premiere-Slag International Inc to build and operate a cement plant. In a...
San Miguel's acquisition of Holcim Philippines undergoes further review
The Philippine Competition Commission (PCC) is conducting a further review of the US$2.15bn acquisition of Holcim Philippines by San Miguel Corp. As the initial 30-day review of...
APO Cement agrees to change truck delivery times
Cemex Philippines' APO Cement plant has agreed to stop the movement of its delivery trucks during peak hours of the day to help address the traffic problem in Naga City, accordi...
Philippines announces new duty on imported cement
The Philippines’ Department of Trade and Industry (DTI) will impose a general safeguard duty on imported cement for a three-year period to protect domestic product. The measure ...
DTI reports that cement prices remain stable
Cement prices in the Philippines are holding firm despite some rumours of cement shortages, says the Department of Trade and Industry Regional Consumer Protection Division and P...
Lugait Cement plant upgrades to meet Mindanao's rising demand
Holcim Philippines, Inc (LafargeHolcim group) is preparing to start work on the modernisation of its Lugait Cement plant in Misamis Oriental as it expects continued growth in Mi...