Pandemic forces cement firms to delay projects
Reporter The pandemic has delayed the plans of domestic cement companies to improve operations as part of their measures to compete with imports while safeguard duties are being applied. In a public hearing held by the Tariff Commission on Friday, Cemex Holdings Philippines Enterprise Risk Manager Jose Mauro Gallardo Valdes said two out of six projects have been delayed and will be completed in 2021. “The delays are related to the COVID-19 pandemic,” he said. The trade department last year imposed safeguard duties on imported cement for three years to prevent injury to domestic producers....