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Phinma partners with Floirendo Group for Davao cement plant
The Philippine Star
|June 05, 2024
The Phinma Group of the Del Rosario family has concretized its plan to develop a new cement manufacturing facility in Davao as it inks a deal with the Floirendo-led Anflo Management and Investment Corp. (ANFLOCOR).
Phinma subsidiary Philcement Corp. entered into joint venture agreements with ANFLOCOR to build a modern cement manufacturing plant in Davao del Norte.
The multibillion-peso facility will be undertaken by Philcement Mindanao Corp., which is 70 percent owned by Philcement and 30 percent owned by ANFLOCOR.
Philcement will run the state-of-theart facility once it becomes operational by 2026.
It will have a production capacity of two million metric tons per year, allowing Philcement to better cater to customers of its legacy brand Union Cement by ensuring steady and reliable supply.
यह कहानी The Philippine Star के June 05, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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