Eagle Cement Corporation (ECC) of tycoon Ramon Ang will be expanding in Mindanao including a planned marine terminal in Cagayan de Oro as part of its aggressive expansion plans.

Based on an article from BusinessWorld, the company is looking to raise P7.2 billion from its planned initial public offering (IPO) to fund its expansion. Since it began commercial operations in 2010, ECC is now the country’s fourth largest player in the cement industry.

ECC is a company controlled by Ang and is not affiliated with San Miguel Corp., where Ang is President and COO.

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