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History

1957

On March 12, 1957, Bacnotan Cement Industries, Inc. (BCII) is granted its corporate charter by the Securities and Exchange Commission. 

On May 11,1957, under the leadership of Philippine Investment Management Consultants (PHINMA), Inc. (phinma.com.ph),  BCII purchased the cement plant of the Cebu Portland Cement Company located in Bacnotan, La Union.

BCII, together with its subsidiary-sister plants (Central Cement Corp., Davao Union Cement Corp. and Hi Cement Corp.), would become the foremost producer of cement in the Philippines under the brand name Union Cement.

The PHINMA pioneers: Ramon V. Del Rosario, Sr.; Filemon C. Rodriguez; and Ernesto O. Escaler (left to right)

1958

On August 15, 1958, the company is listed in the Philippine Stock Exchange.

1963

The company ventures into the manufacture of galvanized iron (GI) sheets,  with its first steel plant in Poro Point, La Union. This spawned a galvanizing company  known as Bacnotan Steel Corporation (now Union Galvasteel Corporation).

1969

Trans-Asia Oil and Mineral Company was formed to undergo exploration in the northwest seas of Palawan. Success in this endeavor snowballed into other energy projects such as coal mining, and energy generation.

On October 24, 1969, Bacnotan Cement Industries, Inc. is renamed Bacnotan Consolidated Industries, Inc.
 
1971

BCII and its affiliates venture into the paper and packaging business with the United Pulp and Paper Company (UPPC) in Calumpit, Bulacan. The plant initially produced sack Kraft paper, for use in the cement packaging business. UPPC has continuously upgraded their production capacity, introduced new paper product lines, and increased revenues significantly.

1987
 
PHINMA Realty Corporation and FCI Development Corp merged into a new company: PHINMA Property Holdings Corporation (PPHC), which initially focused on property management and eventually evolved to become a leading developer of low-cost, medium-rise housing projects.
 
1989
 
Through the efforts of Mr. Ramon del Rosario, Jr., BCII and PHINMA partnered with A. Soriano Co. and  Benguet Corporation to transform Anscor Capital Corp. and launch the Asian Savings Bank into a commercial banking institution in 1989, later named Asian Bank.

1997
 
Trans-Asia Power Generation Corporation, the joint venture project of Trans-Asia Oil and Hi-Cement Corporation commissioned its 52 MW power plant in Bulacan.
 
BCII and Atlas Cement Corporation (ACC) transfer all of its cement shares to a newly formed company, Union Cement Holdings Corporation, and enter into a strategic partnership with the Switzerland-based international cement group, Holderbank, then the world’s largest.  
 
1999

United Pulp and Paper Company, Inc. inaugurated its second paper mill amounting to P6 Billion, making it the biggest and most advanced paper manufacturing facility in the Philippines. This was a joint venture project between PHINMA and Thailand's Siam Cement Group, the largest industrial conglomerate in Thailand.
 
2000

The three cement companies under UCHC merge into Union Cement Corporation, with the objective of integrating and improving coordination among the plants.

2001
 
The company and its subsidiaries and affiliates, move into the new PHINMA Plaza in Rockwell Center, Makati.

2003
 
Siam Pulp and Paper Company, PHINMA's strategic partner in the paper business, infuses new equity into United Pulp and Paper Company and buys out the interest of BCII. 

2004
 
BCII  and ACC sell their investment in the cement business to Holderbank (now Holcim).  This marked the end of more than four decades of industrial primacy and the beginning of a new journey into the services sector.
In the same year, PHINMA and BCII acquired a controlling interest in Araullo University, its maiden investment in the Education sector.

2006
 
As part of a five-university network goal, BCII, together with PHINMA, acquired Cagayan de Oro College, Inc. 
PHINMA Property Holdings Corp. (PPHC) became a leader in affordable medium-rise housing in Metro Manila with more than 4,000 condo units.

2008

BCII, through One Animate Limited,  invests in Toon City Animation, Inc.,  its first foray into business process outsourcing.  Toon City is an award-winning animation studio providing 2D, Flash and 3D CGI animation services. 

2009

BCII furthers its commitment to the education sector .  With the company’s partners, the Victory Liner and the Five Star transport groups, BCII acquires University of Pangasinan, Inc. in Dagupan City and the University of Iloilo.  

2010 

To align it with the name of its parent company, Bacnotan Consolidated Industries Inc. is renamed Phinma Corporation.

2011

Phinma Corporation (PHN) acquires an 85% interest in Fuld & Company, Inc., a business research and consulting firm focusing on business and competitive intelligence. PHN also acquires a 100% interest in Business Back Office, Inc. - Global Business Research Support (BBI), a Philippine knowledge process outsourcing firm.