Phinma Group plans new capacity

Phinma Group has announced plans to return to the Philippine cement market, according to the Business Inquirer. The company is constructing a 2Mta plant in Bataan, which is expected to be operational by the 1Q19.

Registered by Phinma in September 2017, Philcement has begun supplying the market to prepare the distribution network for when the new plant comes online.

The company’s flagship brand, Union Cement, has been reintroduced into the market as part of the project. According to Eduardo Sahagun, president and CEO of Philcement Corp, the brand will add approximately 2m bags to the cement industry’s supply this year. Mr Sahagun noted that the product entered the market at about PHP180/bag (US$3.45/bag) for dealer pricing.