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Aboitiz InfraCapital secured an 11.14% stake in Balibago Waterworks System for about P275 million and acquired LiMA Water Corp. from affiliate Aboitiz Land, expanding its water services portfolio.
Republic Cement and Building Materials Inc. plans to invest $250 million to $300 million over five years to boost annual domestic production capacity by one million tons. The expansion will involve debottlenecking and building new kilns.