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Philippine importers warn of looming cement shortage

Infra News - Published on Thu, 17 Jan 2019

Image Source: BusinessWorld
Bworld Online reported that Philippine Cement Importers Association warned of a looming cement shortage within the next two months, amid concerns over proposed government measures to protect the local cement industry. PCIA said in a newspaper ad published that “With the Build, Build, Build infrastructure program of the national government, a supply shortage is imminent and will persist through the short term as it will take domestic cement manufacturers at least three years to finish an integrated manufacturing plant.”

PCIA earlier said local cement plants are producing some 26 to 28 million metric tonnes, which is insufficient to meet domestic demand at 31 to 32 million tonnes.

The group added that “This supply gap is expected to become worse within the next two months as a number of independent importers have temporarily suspended importations in the wake of plans to impose a safeguard tariff. By February, the shortage will become more acute as China and Vietnam the principal sources of Philippine [cement] imports will shut down their cement plants for an extended period in celebration of the Chinese lunar year.”

The PCIA is scheduled to meet with officials of the Department of Trade and Industry (DTI) today.

The group said that “PCIA and other cement importers are appealing to government policy makers to reconsider plans to impose a safeguard tariff on cement importation at this will prejudice the greater interest of the Filipino people, saying it has no legal basis.”

It added that “It is ironic that a safeguard tariff is being contemplated when domestic cement manufacturers have neither sought protection nor re their operations in danger of serious injury, or even remotely, face the threat of serious injury.”

Source :

Posted By : Joykumar Irom on Thu, 17 Jan 2019
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