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The Consunji Group is entering the cement manufacturing industry through the acquisition of Cemex Asian South East Corp. , the majority owner of listed Cemex Holdings Philippines Inc. , for $305.6 million.
“Cement manufacturing will be a good strategic addition to our business portfolio,” DMCI Holdings, Dacon and Semirara chairman Isidro Consunji said in a statement to the Philippine Stock Exchange. “We can leverage our group’s expertise and create new revenue streams from this acquisition.”
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