Philcement Corp., a subsidiary of listed PHINMA Corp. (PHN), confirmed it has received the investment of Sumitomo Osaka Cement Co. Ltd. for the Japanese company’s acquisition of a 15 percent stake in the cement manufacturer through the issuance of primary shares.
The investment, received on January 16, completes a key step in a strategic partnership announced last year between Philcement and the Japan-based cement major. The transaction stems from a Share Subscription Agreement signed on September 16, 2025, under which Sumitomo Osaka Cement committed to invest in Philcement in exchange for newly issued shares.
Sumitomo Osaka Cement is one of Japan’s leading cement producers, with more than a century of industry experience.
Philcement said the partnership aligns with its long-term strategy to expand manufacturing capacity, strengthen operational expertise, and ensure a stable supply of high-quality cement products for the domestic market.
The investment is also expected to support the growth of Union Cement, Philcement’s flagship and legacy brand, as demand for construction materials continues to rise alongside infrastructure and housing development in the Philippines.
Philcement is 51 percent owned by PHINMA and is engaged in the manufacture, importation, processing, distribution, and sale of cement and related products. The company currently operates manufacturing facilities in Bataan, Pampanga, Zamboanga del Norte, and Davao, giving it a broad geographic footprint across Luzon and Mindanao.
PHINMA has previously said that partnering with a global industry player such as Sumitomo Osaka Cement brings not only capital but also technical expertise, operational best practices, and long-term strategic value, positioning Philcement to compete more effectively in an increasingly competitive cement market.
