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Cement imports from Vietnam face anti-dumping duty


Published April 26, 2021, 6:00 AM
The Department of Trade and Industry has initiated a preliminary investigation on imported cement from Vietnam after data showed “dumping” of cement prices to the Philippines is causing material injury to the domestic industry. The move is seen to cause a double whammy effect on Vietnam’s cement export to the country, which is currently being slapped with a permanent safeguard duty.
In a notice, DTI Secretary Ramon M. Lopez said the probe stemmed from “properly documented applications” from local cement manufacturers Cemex Philippines, Holcim Philippines Inc., and Republic Cement Builders and Building Materials Inc.
Trade and Industry Secretary Ramon Lopez. (ALFRED FRIAS/PRESIDENTIAL PHOTO FILE PHOTO) ....

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Cemex Philippines resets opening date for Antipolo plant


Cemex Philippines resets opening date for Antipolo plant
24 February 2021
Cemex Philippines is postponing the opening of its new integrated cement plant in Antipolo City to January 2022. The original target date for completion of the project was December 2020. The US$265m kiln line will have a cement capacity of 1.5Mta.
Accordingly, the four-year income tax holiday period applicable to this project shall be reckoned from January 2022 or the actual start of commercial operations, whichever is earlier, the company said.
Published under ....

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