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Manila Bulletin devider Business devider Trade & Industry devider Holcim to exit Philippines in $807-million deal with Chinese firm

Holcim to exit Philippines in $807-million deal with Chinese firm

Published Aug 2, 2026 06:59 pm
Swiss cement giant Holcim Group has agreed to sell its Philippine operations to Chinese firm Huaxin Building Materials Co. in a multi-stage transaction valuing the target at $807 million.
Under the terms of the agreement, Zug-based Holcim said that it will initially sell a 67.623 percent controlling stake to Huaxin for $527 million.
The deal structure outlined Holcim’s full exit from the Philippine market through the planned disposal of its remaining 31 percent stake over a three- to five-year window.
That secondary phase carries a guaranteed floor price of $280 million while allowing Holcim to capture additional upside from any value created during the period.
The initial sale of the majority stake is expected to close in the first half of 2027, subject to customary closing conditions and regulatory approvals.

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Huaxin Building Materials Co. Holcim Philippines Holcim Group Cement industry
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