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News Holcim Philippines board approves subsidiaries merger

Holcim Philippines board approves subsidiaries merger

Written by Global Cement staff 24 November 2020
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Philippines: LafargeHolcim subsidiary Holcim Philippines has announced plans to merge with its subsidiaries Bulkcem Philippine Incorporated and MabiniGrinding Mill Corporation. The Philippine Star newspaper has reported that the board has approved the planned merger, and that a special stockholders’ meeting will take place on 15 January 2021 to finalise the transactions.

Bulkcem Philippine Incorporated leases the Iloilo cement terminal in Western Visayas, while MabiniGrinding Mill Corporation leases the Mabini grinding plant in Calabarzon.

The board also approved the dissolution of Holcim’s Business Service Center, HuBB Stores and Services and British Virgin Islands-based WellBorne Group International.

Last modified on 25 November 2020
Published in Global Cement News
Tagged under
  • Philippines
  • Holcim Philippines
  • subsidiary
  • corporate
  • Merger
  • LafargeHolcim
  • Bulkcem Philippine
  • MabiniGrinding Mill
  • grinding plant
  • Terminal
  • GCW483

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