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

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.

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Article Details

Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets: PhilippinesChinaIndonesiaJapanVietnam

Topics: Imports Domestic Production Utilization Safeguard Share Industry Local Percent Cement Measures

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 16:12:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 923 words

Reading Time: 6 minutes read

Sentences: 27 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23383792

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