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Published April 26, 2021, 6:00 AM
The Department of Trade and Industry has initiated a preliminary investigation on imported cement from Vietnam after data showed “dumping” of cement prices to the Philippines is causing material injury to the domestic industry. The move is seen to cause a double whammy effect on Vietnam’s cement export to the country, which is currently being slapped with a permanent safeguard duty.
In a notice, DTI Secretary Ramon M. Lopez said the probe stemmed from “properly documented applications” from local cement manufacturers Cemex Philippines, Holcim Philippines Inc., and Republic Cement Builders and Building Materials Inc.
Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO)
Reporter
THE COUNTRYâS sole newsprint manufacturer is looking to restart operations in the second half after it stopped production last year.
Trust International Paper Corp. (TIPCO) had let go of 258 direct employees in June 2020 when it stopped manufacturing operations due to pandemic-related constraints, TIPCO Chief Operating Officer Edgar Pataroque told the Tariff Commission at a public hearing on Tuesday.
Mr. Pataroque said the pandemic halted the industryâs recovery from the effects of import competition.
âThe economic effect of this pandemic caused market demand to (become) severely depressed. Based on market expertsâ projections, there will be very little market demand for the companyâs products in the foreseeable future,â he said.
Xpediator: This is an excellent result to end an extraordinary year
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