Chemrez Explained

Chemrez Technologies
Type:Public
Traded As:[1]
Former Names:Concepcion Air Conditioning Corporation
Foundation:Apr 17, 1989
Location:Bagumbayan, Quezon City, Metro Manila
Area Served:Philippines
Key People:
  • Filemon T. Berba, Jr. (Chairman)
  • Leon L. Lao
  • John L. Lao
  • Dean A. Lao
Industry:Chemicals

Chemrez Technologies, Inc. is a manufacturer of powder coatings based in the Philippines. It has been listed on the Philippine Stock Exchange since December 8, 2000 and is a member of the D&L Group of Companies.

On June 9, 2006, shareholders of Corro-Coat, Inc. approved the purchase of Chemrez, Inc. and its biodiesel project. Corro-Coat will conduct a public offering late in 2006 to raise funds for the transaction.

At the same meeting, shareholders also approved the change in company name to "Chemrez Technologies, Inc." to reflect the predominant contribution of the goodwill of the Chemrez name and its business units in the combined entity.

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External links

Notes and References

  1. Web site: Concepcion Industries (CIC:Philippine Stock Exchange) . Bloomberg . June 7, 2019.