Displaying items by tag: Consunji Group

Philippines: Cemex Holdings Philippines has officially completed its rebranding initiative, with the company now known as Concreat Holdings Philippines Inc. The rebranding, which was approved by the Securities and Exchange Commission, was undertaken as part of the company’s evolution following the acquisition by the Consunji Group, led by diversified engineering conglomerate DMCI Holdings, in late 2024.

Concreat Holdings said the new name, which combines the words ‘Consunji’ and ‘create,’ reflects its renewed focus on integrity, reliability, resilience and nation-building. The company’s president and CEO Herbert Consunji said that the rebranding represents a bold new direction under DMCI’s management, guided by an all-Filipino team deeply rooted in local insight and long-term stewardship.

Philippines: The Consunji Group has appointed Herbert M Consunji as the president and CEO of Cemex Holdings Philippines (CHP). The group completed its acquisitions of CHP from Cemex in early December 2024, according to the Manila Bulletin newspaper. It plans to change the name of the company to Concreat Holdings Philippines subject to the approval of shareholders at a meeting to be held in February 2025.

Consunji is the Executive Vice President, Chief Finance Officer, Chief Compliance Officer and Chief Risk Officer of DMCI Holdings, part of Consunji Group. He concurrently sits on the board of various DMCI Holdings subsidiary companies. He is a certified public accountant and he graduated from De La Salle University in Manila with a degree in commerce majoring in Accounting.

Philippines: Cemex has sold its Philippine cement brands to the Consunji family for US$12.55m. Cemex Holdings Philippines revealed that APO Cement and Solid Cement repurchased the brands from Cemex Innovation Holding in Switzerland. APO Cement, based in Naga, Cebu, acquired the ‘Apo Cement’ brand for US$8.2m, while Solid Cement, located in Antipolo, bought the ‘Rizal’ and ‘Island’ trademarks for US$4.53m. This follows Cemex's strategic withdrawal from the Philippines, completing the sale of Apo Cement and Solid Cement to DMCI Holdings, Dacon and Semirara Mining and Power of the Consunji family for US$305.6m in April 2024.

Philippines: DMCI Holdings is considering the acquisition of Cemex Holdings Philippines. Reuters has reported that the deal is valued at around US$715m. DMCI Holdings Chairman Isidro Consunji expressed optimism about the potential acquisition, but did not specify a completion timeline. DMCI Holdings is exploring diversification into new industries, with cement identified as a strategic addition.