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Republic Cement & Building Materials, Inc.
| Republic Cement & Building Materials, Inc. (LRI), formerly Lafarge Republic, Inc., was incorporated in May 3, 1955 as Republic Cement Corporation to primarily engage in the manufacture, development, exploitation and sale of cement, marble and all other kinds and classes of building materials, and the processing or manufacture of materials for any industrial or commercial purposes. On November 12, 2015, the Securities and Exchange Commission approved the change in name to the present one. LRI manufactures mainly Portland and Type 1 P cement products. Cement is sold in 40-kg bags or in bulk loaded in bulk carriers at 800 and 1,000 kgs.-equivalent bags per load. The Company's plants are located in Bulacan, Batangas, Rizal and Cebu. The Cebu plant resumed operations in 2013. LRI's subsidiaries are composed of Fortune Cement Corporation; Lafarge Iligan, Inc. (LII); Lafarge Mindanao, Inc. (LMI); FR Cement Corporation; and Lloyds Richfield Industrial Corporation. In August 2015, LRI accepted the offer of, and signed an agreement with, Holcim Philippines, Inc. (HLCM) and/or its affiliate, Holcim Mining and Development Corporation for HLCM to acquire LRI's 60% shareholding in shares of stock of Lafarge Republic Aggregates, Inc. and the Star terminal at the Harbour Centre Manila. On September 15, 2015, the major shareholders of LRI sold 88.85% of the outstanding stock of the Company to AEV CRH Holdings, Inc. (AEV CRH). The sale included LRI's investment in LII and LMI, but subject to the fulfillment of the agreed conditions and AEV CRH's and/or the LRI major shareholders' exercise of their respective rights to acquire and sell the LRI major shareholders' LRI shares, LII and LMI will remain LRI subsidiaries upon AEV CRH's acquisition of LRI. The Company also sold its 30% shareholding in shares of stock of Lafarge Cement Services (Philippines), Inc. Source: SEC Form 17-A (2014)/Circ. Nos. 4303/4395/5090/5366/6233/6235-2015 |
| Sector | Industrial |
|---|---|
| Subsector | Construction, Infra. & Allied Services |
| Corporate Life | 50 |
| Incorporation Date | May 08, 1955 |
| Number of Directors | 11 |
| Stockholders' Meeting as per By-Laws | |
| Fiscal Year | 12/31 (Month/Day) |
| External Auditor | Manabat, Delgado, Amper & Co. |
| Transfer Agent | Stock Transfer Service, Inc. |
| Business Address | 25th Floor, The Salcedo Tower, 169 H. V. Dela Costa St., Salcedo Village, Makati City |
|---|---|
| E-mail Address | [email protected] |
| Telephone Number | (632) 885-4598 ; (632) 238-9882 |
| Fax Number | (632) 815-2585 |
| Website |
