PHINMA Corporation Signs Joint Venture Agreements with Anflocor to Build A Modern Cement Manufacturing Plant in Davao Del Norte
lives of the people of Mindanao. The Davao International Container Terminal Inc. (DICT), operator of Mindanao's most modern port terminal and part of the Anflo Group, is also a party to these agreements. Philcement Mindanao Corp., a 70% owned subsidiary of Philcement Corp., will run the facility. The Floirendo-led ANFLOCOR owns the remaining 30% of Philcement Mindanao. The multibillion-peso facility is expected to be operational by 2026 with a production capacity of two million metric tons per year, allowing Philcement to better cater to customers of its legacy brand Union Cement by ensuring steady, reliable supply.