Displaying items by tag: Philcement

Philippines: Germany-based TÜV Nord has awarded three ISO certificates to Philcement Corporation's Bataan cement bagging plant and distribution centre in Mariveles. The facility achieved an ISO 9001:2015 for quality management, an ISO 45001:2018 for occupational health and safety management and an ISO 14001:2015 for environmental management.

Philcement Corporation, a subsidiary of PHINMA Corporation, previously secured a loan towards an upgrade to the Bataan terminal in September 2022.

Chair Ramon del Rosario Junior said “As we continue to provide a reliable and consistent supply of cement products of good quality, these ISO certifications attest to PHINMA, Philcement and our partners’ expertise in this industry. These give us even greater confidence in our operations and especially in the products that we offer our customers."

Philippines: Phinma Corporation subsidiary Philcement has taken a US$1.73m loan for an expansion and upgrades to its Mariveles cement terminal in Bataan. The Manila Times newspaper has reported that the company secured the loan using the proceeds from its bond issuance earlier in September 2022.

Philippines: Phinma Corp.’s cement subsidiary Philcement has ramped up its return to production with the commissioning of a 2.0Mt/yr integrated cement plant with attached terminal facilities in the port of Bataan. The Philippine Star has reported that the company, whose six integrated plants had a majority market share in the country prior to the Asian Financial Crisis of 1997, has invested US$100m on its re-entry to production, including on the Bataan facility, since it announced the return of its Union cement brand to the market in 2018.

Phinma Corp. president and CEO Ramón del Rosario said, “We believe in this government’s ‘Build Build Build’ program and we want to help ensure the success of this program by augmenting supply and offering the highest quality cement to support critical projects.”

Phinma Corp. is among domestic producers awaiting the result of an appeal by the country’s importers against the legality of the government’s safeguard duty on imported cement.

Philippines: Phinma Corporation has secured a US$16.7m loan for its cement business, PhilCement, to build a terminal at Mariveles in Bataan. The five-year fixed term loan agreement was signed with Security Bank on 1 June 2018, according to Business World. PhilCement was set up in September 2017. Phinma Corporation owns a 85.7% stake in the business.

Philippines: Phinma Group has returned to the cement industry bringing its ‘Union Cement’ brand back to the market. Its cement production subsidiary, Philcement, is also building a new 2Mt/yr cement plant in Bataan, according to the Philippine Daily Inquirer newspaper. The new plant is expected to be operational in early 2019. No cost for the plant has been disclosed.

Phinma sold its majority interest in Union Cement in 2004 and the business eventually became part of Switerland’s Holcim. However, Phinma subsequently required the Union Cement trademark after Holcim Philippines abandoned it.

The cement producer’s head is Eduardo Sahagun, the former boss of Holcim Philippines from 2013 to 2017. At present Philcement is distributing cement from third parties.