Philippines

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PHINMA Corp to acquire Petra Cement for PHP500m

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...

Phinma to invest in PHP2bn Davao plant

Phinma to invest in PHP2bn Davao plant

Philippines-based Phinma Corp plans to invest approximately PHP2bn (US$34.7m) in a new cement plant in Davao to further consolidate its presence in the cement market. "We’re put...