Despite challenges faced by the local cement industry, Sumitomo Osaka Cement Co. Ltd. of Japan is acquiring a 15-percent stake in Phinma Corp.’s subsidiary Philcement Corp. Phinma disclosed to the Philippine Stock Exchange (PSE) that Philcement has signed a share subscription agreement with...
Aboitiz Construction has completed the design and construction of the new berth of DICT Bulk Terminal, Inc. (DBTI), a joint venture between the Floirendos’ Davao International Container Terminal, Inc. (DICT) and Philcement Corp. of Phinma Corp. Located in Panabo City, Davao del Norte, the...
PHINMA Corporation subsidiary Philcement Corp. has signed joint venture (JV) agreement with the Floirendo family’s Anflo Group management and investment company ANFLOCOR to build a P2 billion modern cement manufacturing plant in Davao del Norte. “The earlier signing is a testament...
Del Rosario-led PHINMA Corporation's (PHN) subsidiary Philcement Corporation is buying 100 percent of Petra Cement Inc., which is controlled by tycoon Henry Sy Jr., for P500 million. In a disclosure to the Philippine Stock Exchange (PSE), PHINMA said it has signed Tuesday, May 21, a Share Purchase...
Philcement Corporation, a 60 percent-owned subsidiary of the Del Rosarios’ PHINMA Corporation, has sealed an agreement with Petra Cement Inc. that will allow it to produce cement for the Northern Mindanao market. In a disclosure to the Philippine Stock Exchange, PHINMA said Philcement and Petra...
The PHINMA Group said its cement trading arm PhilCement Corp. will quickly adjust to the new labeling rules and adopt to the new regulations set by the Department of Trade and Industry. This was committed by the PHINMA Group after forging an agreement with the DTI to work together for stability and...
Philippine Cement Corp. (Philcement) firmly asserted of its compliance with the standards set by the government as shown by the required certifications issued by the Department of Trade and Industry. “Philcement asserts firmly that the company is compliant with the provisions of DTI AO 17-06...
All is not well among players in the cement industry with Cement Manufacturers of the Philippines (CeMAP) calling the attention of the Department of Trade and Industry (DTI) to look into a potential standards compliance issue against Philcement Corporation. In a letter to DTI Undersecretary Ruth...
