Phinma Corp subsidiary Philcement Corp has stated that its PHP800m (US$15.4m) cement terminal in Bataan will be opened before the end of the year.
Phinma is using Philcement as its vehicle for its cement industry comeback in a move to contribute significantly to the growing demand for reliable and quality cement and construction materials in the Philippines.
Philcement President and Chief Executive Officer, Eduardo Sahagun, said the new terminal, "will be a meaningful part of Phinma’s strategy to provide cost-efficient and reliable supply of construction materials to our customers."
According to the Cement Manufacturers’ Association of the Philippines, cement demand is expected to reach 52Mt by 2025
