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Sumitomo buys into Philcement
Manila Bulletin
|September 18, 2025
Despite challenges faced by the local cement industry, Sumitomo Osaka Cement Co. Ltd. of Japan is acquiring a 15-percent stake in Phinma Corp.'s subsidiary Philcement Corp.
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Phinma disclosed to the Philippine Stock Exchange (PSE) that Philcement has signed a share subscription agreement with Sumitomo for the acquisition through the issuance of new or primary shares.
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