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Cement firms back DTI probe on import safeguards
The Philippine Star
|November 04, 2024
Cement manufacturers have expressed support for the Department of Trade and Industry's (DTI) probe on safeguard measures on cement imports, amid concerns the influx of imports may put jobs at risk.
"This is welcome news to the local industry," Cement Manufacturers Association of the Philippines (CeMAP) executive director Renato Baja said in a Viber message.
He said the surge in cement imports in the country endangers Filipino jobs.
Like the DTI, he said CeMAP recognizes that the influx of imported cement, particularly from Vietnam, has caused injury to the domestic industry.
He also said the local cement industry has a total annual capacity of 50 million tons, greater than the domestic annual demand of 35 million tons.
This story is from the November 04, 2024 edition of The Philippine Star.
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