Philippines: Philcement Corporation, which is 51% owned by Phinma Corporation, has announced that Japan’s Sumitomo Osaka Cement has bought a 15% stake in Philcement. The remittance was received on 16 January 2026 following the signing of a share subscription agreement in September 2025.
Phinma said the transaction was aligned with Philcement's strategy and commitment to grow its manufacturing operations and provide Filipino consumers with reliable, high-quality supply of cement products under its legacy brand, Union Cement.
Philcement was established in 2017 by Phinma as its re-entry vehicle into the cement business. The unit operates cement manufacturing facilities across Bataan, Pampanga, Zamboanga del Norte and Davao. Sumitomo Osaka Cement’s investment is expected to strengthen Philcement's manufacturing operations and expand its footprint in the Philippine cement market.
