Stock Information

CAB | CONCRETE AGGREGATES CORP. ``B``

Sector: INDUSTRIAL | Sub-Sector: CONSTRUCTION, INFR. & ALLIED

Concrete Aggregates Corporation (CA) was originally incorporated on January 16, 1959, as Concrete Aggregates, Inc. and later merged with Build-On Aggregates Corporation in 1973 to form CA. The Company supplies the construction industry with processed aggregates, ready-mix concrete, bituminous concrete mix, and pre-stressed/pre-cast concrete.

CA was able to purchase and operate two ready-mix concrete (RMC) plants, three bituminous concrete mix (BCM) plants, four aggregates quarry/crushing plants, and three pre-stressed/pre-cast concrete plants. However, the Company was hit by the economic crisis in 1998, and on September 14, 1999, the Board of CA approved the total and complete closure of the Engineering and Construction Division of the Company, which comprised of RMC, BCM, concrete products and construction groups.

In 2008, the Company incorporated Batong Angono Aggregates Corporation (BAAC), with which it entered an operating agreement that granted BAAC the right to operate the Angono quarry for 15 years. Prior to the effectivity of the agreement, CA directly operated its aggregates plants on the outskirts of Barangay San Isidro and San Roque in Angono, Rizal. Upon BAAC's assumption as the Company's quarry operator, CA's income from the quarry operations became the royalty payments made by BAAC at the rate agreed upon by the parties. In late 2013, BAAC changed its name to Lafarge Republic Aggregates, Inc. (LRAI), then renamed it in 2015 to Lafarge Holcim Aggregates, Inc., and once again changed it to Helix Aggregates Inc. in 2022.

Source: SEC Form 17-A (2024)