Holcim Agrees to Sell Philippine Cement Business to Huaxin
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.