LafargeHolcim Drops Philippines Businesses, an Industrial Info Market Brief

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LafargeHolcim has divested 86% of its operations in The Philippines, worth $2.15 billion, to local conglomerate San Miguel Corporation (SMC). LafargeHolcim operates four cement-manufacturing plants and one grinding facility in The Philippines, with an annual production capacity of 10 million metric tons per year of cement.

SMC won the bidding against Anhui Conch, which is China's biggest cement firm, and expects the transaction to close by the end of 2019, upon customary and regulatory approval.

Click here to see a list of LafargeHolcim plants in The Philippines, and see map below.