Local cement makers: DTI probe on imported cement influx ‘very timely’

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The story "Local cement makers: DTI probe on imported cement influx ‘very timely’" was covered 2 weeks ago by Business Mirror, a news publisher based in Philippines.

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Local cement makers: DTI probe on imported cement influx ‘very timely’ - Business Mirror

Quick Summary:

LOCAL cement manufacturers said the Department of Trade and Industry’s (DTI) probe on the influx of foreign cement in the Philippine market is "very timely” as the current utilization rate in the local cement industry has already forced some plants to temporarily shut down.

The CeMAP statement quoted Baja saying the Philippine cement industry can produce up to 50 million tons annually, “significantly exceeding” the estimated national demand of around 35 million tons.

However, imported cement, particularly from countries like Vietnam where domestic demand is declining and surplus production is exported, continues to “exert pressure on local manufacturers.