Philcement and Anflo Group to Build Modern Cement Plant in Mindanao

Philcement Corp and Anflo Management and Investment Corp. (ANFLOCOR) have signed a joint venture agreement to construct a state-of-the-art cement manufacturing plant in Davao del Norte. This collaboration, spearheaded by the Phinma Group's Del Rosario family and the Anflo Group's Floirendo family, aims to ensure a steady supply of quality cement for Mindanao's development.

The multibillion-peso facility, expected to be operational by 2026, will have a production capacity of two million metric tons per year. Philcement Mindanao Corp, a 70-30 joint venture between Philcement and Anflocor, will manage the plant. This partnership aims to bolster the availability of quality cement, supporting infrastructure projects across Mindanao.

Ramon del Rosario Jr., Phinma chairman and CEO, emphasized the significance of this venture, stating, "Phinma is steadfast in its commitment to infrastructure development, with our business solutions designed to promote this. We welcome this opportunity to deepen our relationship with the Floirendos, a like-minded partner and fellow pioneer in nation-building."

Ricardo Lagdameo, ANFLOCOR Real Estate and Construction Group President and Philcement Mindanao Vice Chairman, expressed enthusiasm for the collaboration. He remarked, "We at ANFLOCOR are excited about this partnership as we anticipate continued growth in Mindanao which will require good quality cement."

Why this matters: This joint venture agreement has significant implications for the development of Mindanao, as it will provide a steady supply of quality cement for infrastructure projects. The increased availability of cement will support the region's economic growth and improve the lives of local communities.

Eduardo A. Sahagun, Phinma Construction Materials Group President and CEO, highlighted the broader impact of the project: "Construction materials are among the many essentials needed to a dignified life through housing and infrastructure. This partnership, which is one of many with the Anflo Group, will enable us to improve the lives of many Mindanaoans."

Philcement Corp, a 60% owned subsidiary of Phinma, is engaged in the manufacture, importation, processing, distribution, and sale of cement products. It currently operates a cement processing facility in the Freeport Area of Bataan in Mariveles. The new plant in Davao del Norte will further solidify its presence in the region.

The Davao International Container Terminal Inc., part of the Anflo Group and operator of Mindanao's most modern port terminal, is also a party to the agreement. This involvement highlights the strategic importance of the project in enhancing the logistics and supply chain capabilities in the region.

Both Phinma and Anflo Group have a long-standing presence in the Davao region, dating back to the 1960s and 1950s, respectively. Their continued commitment to the development of Mindanao reflects their dedication to uplifting the lives of the local communities, supporting infrastructure development.

The establishment of this modern cement manufacturing plant is set to be a significant milestone in the infrastructure development of Mindanao. It will not only meet the growing demand for quality cement but also contribute to the region's economic progress.

The plant's 2026 operational launch will support Mindanao's construction needs, ensuring a steady and reliable supply of cement for various projects. This collaboration between Philcement and ANFLOCOR marks a promising step forward for the region's development.

Key Takeaways

• Philcement Corp and ANFLOCOR form joint venture to build a state-of-the-art cement plant in Davao del Norte.
• The plant will have a 2 million metric ton/year production capacity and is expected to be operational by 2026.
• The partnership aims to ensure a steady supply of quality cement for Mindanao's infrastructure development.
• The multibillion-peso facility will support economic growth and improve local communities' lives.
• The joint venture solidifies the companies' commitment to infrastructure development and nation-building in Mindanao.