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 Corp
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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...
PhilCement Corp inaugurates Bataan facilities
Phinma-Corp subsidiary PhilCement Corp has inaugurated its first state-of-the-art cement and port terminal at the Freeport Area of Bataan, Philippines. Located on a 1.9ha plot t...
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...