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News Sumitomo Osaka buys Philcement stake

Sumitomo Osaka buys Philcement stake

Written by Global Cement staff 17 September 2025
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Philippines: Japan-based Sumitomo Osaka Cement has bought a 15% stake in Philcement, according to a stock exchange disclosure. The agreement, signed on 16 September 2025 between Philcement, its parent company Phinma Corporation, and Sumitomo Osaka, covers the issuance of primary shares. The transaction is expected to close before the end of 2025, subject to standard conditions.

Once the deal is complete, Phinma will remain as Philcement’s majority shareholder, with a 60% stake. Philcement has expanded significantly in the past few years, with a 2Mt/yr integrated plant in Davao del Norte due to be commissioned in 2026.

Last modified on 17 September 2025
Published in Global Cement News
Tagged under
  • Philippines
  • Asia
  • Sumitomo Osaka Cement
  • Phinma
  • Acquisition
  • GCW727

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