Phinma Corp’s cement subsidiary Philcement has ramped up its return to production with the commissioning of a 2 MT per year integrated cement plant with attached terminal facilities in the port of Bataan. The Philippine Star has reported that the company, whose six integrated plants had a majority market share in the country prior to the Asian Financial Crisis of 1997, has invested $100 million on its re-entry to production, including on the Bataan facility, since it announced the return of its Union cement brand to the market in 2018.
Phinma Corp President and CEO, Ram?n del Rosario said, "We believe in this government’s "Build Build Build" programme and we want to help ensure the success by augmenting supply and offering the highest quality cement to support critical projects."Phinma is among domestic producers awaiting the result of an appeal by the country’s importers against the legality of the govt’s duty on imported cement.