Cement-maker Cemex debuts strongly at PSE on infra pushCEMEX HOLDINGS PHILIPPINES LISTED ON PSE – CEMEX Holdings Philippines President Pedro Jose Palomini (second from left) leads the ringing of the bell to open trading on the shares of his company at the Philippine Stock Exchange on July 18, 2016 while Finance Secretary Carlos Dominguez (2nd from right) and CEMEX Asia, Middle East and Africa President Joaquin Estrada (left) and PSE Chairman Jose Pardo (right) applaud. Among companies standing to benefit is Cemex, majority owned by Mexico’s Cemex SAB de CV, one of the world’s largest cement makers. Cemex Holdings Philippines Inc.’s shares rose as much as 5.7 percent from the 10.75 pesos set in an initial public offering (IPO) that raised P25.13 billion ($536.79 million) – the country’s biggest IPO in three years. Earlier this month, CEMEX Philippines officially inaugurated the completed capacity expansion in its APO plant in Cebu, the largest cement plant in the country, as well as a network of logistics centers in Visayas and Mindanao. The event took place at the PSE trading floor on Ayala Avenue in Makati City.

Source: Manila Bulletin July 18, 2016 14:14 UTC