Philippine cement company Phinma Corp has recently imported 50,000t of cement, or approximately two million bags, from Vietnam with plans to import the same volume per quarter to a total of 200,000tpa as it breaks into the Philippines market.
The Philippine cement market is expanding rapidly due to large government-funded infrastructure projects. Registered by Phinma Corp in September 2017, PhilCement aims to produce around 3Mta of cement.
Phinma is headed by Eduardo Sahagun, formerly CEO of Holcim Philippines Inc.
