Philcement Corporation and Sumitomo Osaka Cement Co., Ltd. sign Share Subscription Agreement

​PHINMA Corporation’s (PHN) subsidiary, Philcement Corporation (Philcement) signed on September 16, 2025 a Share Subscription Agreement with Sumitomo Osaka Cement Co., Ltd. (Sumitomo), a leading cement manufacturing company from Japan with over a hundred years of experience in the industry. 

The Agreement relates to the acquisition of 15% of Philcement through the issuance of primary shares. The transaction will be closed before the end of the year, subject to the satisfaction of closing conditions. The transaction is aligned with Philcement’s strategy and commitment to grow its manufacturing operations and provide Filipino consumers with reliable, high-quality supply of cement products under its legacy brand, Union Cement.

Upon closing of the transaction, PHINMA Corporation will remain as the majority shareholder of the Company.

Philcement Corporation, a 60% owned subsidiary of PHINMA Corporation, is engaged in the manufacture, importation, processing, distribution, and sale of cement products. It currently has manufacturing operations in Bataan, Pampanga, Zamboanga del Norte, and Davao.