DMCI Holdings Inc. and its subsidiary, Semirara Mining and Power Corp. (SMPC), have been recognized as among Asia’s top-performing companies at the 25th Asia’s Best Companies Poll conducted by FinanceAsia, a leading regional business publication.
Consunji family-led conglomerate DMCI Holdings showed resilience in the face of softer coal prices and early losses from its cement unit, with key businesses like property, water, and mining helping absorb the pressure.
The Consunji family’s DMCI Holdings laid out a turnaround plan for cement arm Concreat Holdings Philippines (formerly Cemex Holdings Philippines), detailing steps aimed at restoring profitability within three years.
Cemex Holdings Philippines Inc. has officially rebranded to Concreat Holdings Philippines, Inc. following the approval of the Securities and Exchange Commission (SEC) on April 25.
At 76-years-old, tycoon Isidro Consunji has no doubts about his ability to lead the P150-billion family conglomerate DMCI Holdings, but even he wonders if he’s done enough to secure its future.
The Consunji family conglomerate DMCI Holdings closed 2024 with a P19 billion net income, down 21 percent, as the company faced a weaker commodity cycle, lower electricity prices, sluggish real estate demand, and construction delays.
DMCI Mining Corp. and Nickel Asia Corp. have signed an initial agreement to explore building a nickel processing plant in the Philippines, a move that could strengthen the country’s position in the global industry.
DMCI Power Corporation (DPC) delivered 491.2 gigawatt-hours (GWh) of energy in 2024, a 9 percent increase year-over-year, driven by rising demand in Palawan, Masbate, and Oriental Mindoro.
Tycoon Isidro Consunji and Herbert Consunji will lead the turnaround of Cemex Holdings Philippines as the group finalizes its roughly P16 billion purchase of the country’s No. 4 cement maker.