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Holcim Agrees to Sell Philippine Cement Business to Huaxin

Holcim Group logoHolcim Group
Sig5.12Sen-1.75Env0.00Soc0.00Gov0.00

Holcim Group agreed to exit the Philippine market by selling its local business to Huaxin Building Materials for about $807 million. Holcim will first sell a 67.623% majority stake for $527 million, then divest its remaining ~31% over three to five years for at least $280 million. The move follows losses that widened in 2025, with net loss before tax rising to P4.2 billion.

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