comparemela.com

Latest Breaking News On - Jovie rivera - Page 1 : comparemela.com

Philippines sole newsprint manufacturer halts operations

Reporter THE COUNTRY’S 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 industry’s recovery from the effects of import competition. “The economic effect of this pandemic caused market demand to (become) severely depressed. Based on market experts’ projections, there will be very little market demand for the company’s products in the foreseeable future,” he said.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.