PHINMA subsidiary Philcement Corp. (Union Cement) and ANFLO Management and Investment Corporation (ANFLOCOR) Joint Venture Agreement
PHINMA subsidiary Philcement Corp. (Union Cement) and ANFLO Management and Investment Corporation (ANFLOCOR) announce they have signed joint venture agreements to build a modern cement manufacturing plant in Davao del Norte. The earlier signing is a testament to stronger business relations between the del Rosarios and the Floirendos that will bolster their position as pioneers of infrastructure development and economic progress in the region.
The partnership of the two esteemed groups will guarantee the availability of quality cement to support the development of Mindanao. PHINMA and Anflo Group have been present in the Davao region since the 1960s and 1950s, respectively, and remain true to their commitment to uplift the lives of the people of Mindanao. Davao International Container Terminal Inc. (DICT) is also a party to these agreements.
“We at ANFLOCOR are excited about this partnership as we anticipate continued growth in Mindanao which will require good quality cement. Partnering with a like-minded group that has a very extensive track record in this space and whose core value is improving the lives of the communities they operate in, was something very important for us.” said ANFLOCOR Real Estate and Construction Group President and Philcement Mindanao Vice Chairman Ricardo Lagdameo.
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