Key Points
- Holcim sold its Philippines unit to Huaxin
- The sale price was $807 million
- Holcim has a $5 billion investment target by 2030
By the Numbers
$807 million$5 billion
Swiss-based cement and aggregates company Holcim has sold its Philippines unit to Chinese company Huaxin Cement for $807 million. This sale is part of Holcim's goal to invest $5 billion by 2030.
Huaxin Cement is known as one of China's largest cement producers. The sale of Holcim's Philippines unit will strengthen the company's presence in the Asia-Pacific region.
With the completion of the sale, Holcim will have taken a significant step in its global growth strategy.
React to this story
Ask about this story
Answers are AI-generated from this story only.
Frequently Asked Questions
- Which country is Holcim from?
- Switzerland
- In which country does Huaxin Cement operate?
- China
- What is the purpose of the sale?
- Holcim's global growth strategy
This is an AI-generated summary. The full story lives at the source.
Read the full story at the sourceot.grHow we produce our content →