Cement traders said that member firms of the Cement Manufacturers Association of the Philippines (CeMAP) should not blame imports as the only reason for their failure to reinvest and increase their capacities despite rising demand.
This was stressed by PhilCement Corp., a cement importer owned by the Phinma Group, in a submission to the Tariff Commission , which is currently investigating whether or not to impose a permanent safeguard measure on imported cement.
In earlier public hearings conducted by the TC, CeMAP member firms said that without the safeguard duty, they cannot invest to improve their capacities. The Department of Trade and Industry has already imposed a safeguard duty of P8.40 per bag of imported cement in February this year saying the import surge has caused serious injury to local cement producers.
Imported cement in 2017 reached 3.079 million metric tons and 4.658 MMT in 2018, representing 12.38 percent share of production of 24.875 MMT in 2017 and 17.16 percent of total production of 27.148 MMT in 2018. Cement importers also raised the issue as to the protection on these four giant multinational cement firms when smaller industries do not get the same treatment.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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