PHINMA Corp to acquire Petra Cement for PHP500 million

PHINMA Corp, through its subsidiary Philcement Corp, signed a purchase agreement on May 20, 2024 to acquire Petra Cement Inc for PHP500 million (US$8.6 million). Philcement will operate Petra Cement's 0.5Mta plant in Zamboanga del Norte, serving the northern Mindanao market.

“This is aligned with Philcement's growth strategy and its promise to assure Filipino consumers with reliable, high quality supply of cement products under its legacy brand, Union Cement.”cemnet.com

• 1 source
• cemnet.comPHINMA Corp to acquire Petra Cement for PHP500m | CemNetMuriel BalMay 22, 2024

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