PHINMA celebrated 68 years of making lives better with various outreach activities throughout November engaging employees, students, friends and community partners in key locations across the country. Over 3,000 PHINMA Heroes participated in this year’s PHINMA Reaches Out activities which included cleanups, seed potting and tree planting, blood drives, and e-waste collection. PHINMA Foundation Inc.
PHINMA Corporation’s (“PHN” or the “Company”) consolidated revenues surged to ₱6.61 billion for the third quarter of the calendar as the Company pursues more initiatives seeking to improve the lives of Filipinos. Net income attributable to equity holders of the parent was at ₱144.9 million during the said timeframe. Consolidated revenues rose to ₱16.98 billion
A customizable, flood-resilient multi-family dwelling unit won the championship in the inaugural PHINMA Construction Materials Group (PHINMA CMG) hackathon on affordable and viable housing solutions for low-income Filipino families. Students from the Technological University of the Philippines (TUP) bested four other teams for their design “Kuwadrado” at the hackathon “Build with Union 2024: Linking Best
PHINMA Corporation will be conducting a stock rights offering (SRO) this year to support the Company’s investment and expansion opportunities to better improve more lives. The Company’s Board of Directors approved the offer consisting of ₱1 billion in primary common shares to be listed in the fourth quarter of 2024. “The stock rights offering reflects
Businesses must invest in projects and initiatives that strengthen the country’s food supply and agricultural productivity especially as the climate crisis continues to worsen, executives of PHINMA Corporation said in its policy forum this week. The event, titled “Achieving Food Security: Advancing Investments for Agricultural Sustainability,” gathered leaders of PHINMA and its Construction Materials
PHINMA Corporation (“PHINMA”) subsidiary Philcement Corp. (“Philcement”) announced Tuesday that it has signed joint venture agreements with Anflo Group management and investment company ANFLOCOR to build a modern cement manufacturing plant in Davao del Norte. The earlier signing is a testament to stronger business relations between the del Rosarios and the Floirendos that will bolster
A unit of PHINMA Corporation (“PHINMA”) has broken ground on a multimillion-peso manufacturing plant that will produce insulated panels in a bid to bolster the country’s food security and support Philippine agriculture amid the intensifying climate crisis. Union Insulated Panel Corporation (“UIPC” or “Union Insulated Panels”), a company part of the PHINMA Construction Materials Group
PHINMA Corporation’s (“PHN”) subsidiary, Philcement Corporation (“Philcement”) signed today a Share Purchase Agreement with Petra Cement, Inc. (“Petra”). Philcement Mindanao Corporation, a subsidiary of Philcement, will pay a consideration of Php 500 million in exchange for 100% of the outstanding shares of Petra. The transaction is expected to be closed by December 31, 2024. This
PHINMA Corporation gathered its top executives and stakeholders to celebrate the Group’s 2023 successes and discuss its plans and projections for 2024 at this year’s Annual Shareholders’ Meeting, held last April 23, 2024, Tuesday, at The Fifth at Rockwell Events Hall, Makati City. “PHINMA reported consolidated revenues of 21.27 billion pesos, climbing 20% from the
PHINMA Corporation (PHN) ended 2023 strongly with consolidated revenues of ₱21.27 billion, up by 20% from the previous year. Driven by its businesses committed to making Filipino lives better, PHN also reported its consolidated core net income rose by 40% year-on-year to ₱1.67 billion. Consolidated net income reached ₱1.63 billion, up from ₱1.53 billion in
Union Galvasteel Corporation (UGC), a PHINMA subsidiary under its Construction Materials Group, recently supported GMA Kapuso Foundation in its project to construct a school building in disaster-stricken Binibitinan Elementary School in Polillo, Quezon. As part of PHINMA’s making lives better mission and in support to rehabilitation efforts for areas damaged by Typhoon Karding (Noru) last
MANILA – PHINMA gears up to create better value for Filipino families in 2023. In its first face-to-face stockholders’ meeting since the pandemic, PHINMA Corporation (PSE: PHN) talked about its accomplishments in 2022 and shared what is in store for the company and its business units this year, including allocation for approximately ₱3 billion in