Skip to main content

San Miguel Corp. invests in cement producer

World Cement,


According to local media reports, the Philippines-based San Miguel Corp. (SMC) has purchased a 35% stake in Northern Cement Corp., owned by SMC Chairman Eduardo “Danding” Cojuangco.

SMC will also invest a total of US$750 million in the cement producer in order to increase its capacity and market share. Northern Cement Corp. currently operates a 1 million tpa cement plant and plans to construct two new plants with production capacities of 2 million t in Luzon and Cebu. SMC aims to help raise the cement producer’s market share to 30% over the next five years.

Edited from various sources by Louise Fordham.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/23052013/san_miguel_invests_northern_cement_corp_philippines_992/

You might also like

World Cement podcast

World Cement Podcast

In the latest episode of the World Cement Podcast, we are joined by Eoin Condren, Corporate Development Executive Director for Ecocem. Topics covered include: the importance of investing in innovation, the role of policy and legislation in supporting next generation cement products, and a look at some exciting new technologies.

Listen for free today »

 
 
 

Embed article link: (copy the HTML code below):