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
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
As we celebrate women this special month, we talked to some women leaders in the PHINMA Group and asked them about empowerment and equity. We are glad to share the answers of our leaders, all epitomizing the strength and wisdom innate in all women. Trissa M. Menardo, Chief Strategy Officer at PHINMA Education What for
MANILA, Philippines – Philcement Corporation (PCC), a majority-owned subsidiary of PHINMA Corporation, received 3 ISO certifications for its Mariveles Cement Processing Plant, underscoring its adherence to global standards. The ISO certifications are testament to PCC’s commitment to making lives better, by ensuring consistent operations that result in quality cement offerings while maintaining a safe
Since the country was ravaged by Typhoon Odette, the PHINMA Group has been responding to the call for the private sector to get involved in the much needed efforts to provide relief and support for reconstruction in the hardest hit areas in Visayas, Mindanao, and Palawan. This has been done through PHINMA’s network of schools,