“The acquisition of HPI will increase the foothold of the San Miguel Group in the cement business, and will provide the opportunity to implement its plan to expand its cement business nationwide,” SMC said.

With the divestment of the Switzerland-based cement maker’s activities in the Philippines, LafargeHolcim CEO Jan Jenisch said “we are completing our exit from the increasingly hyper competitive arena in South East Asia.” Read more at  https://www.philstar.com/business/2019/05/10/1916703/san-miguel-corp-buys-holcim-philippines-215-b-deal