SMC-Holcim deal good for industry, says Lopez

San Miguel Equity Investments, Inc. owned unit First Stronghold Cement Industries, Inc. intends to buy 85.73 percent of Holcim Philippines. This deal will bring the ownership of the country’s cement manufacturer in the hands of a Filipino company. Consequently, Trade and Industry Secretary Ramon Lopez said that the deal marked a “good” development for the local cement industry.

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