Philippines: The Cement Manufacturers Association of the Philippines (CEMAP) has warned that cement sector workers could be laid off due to competition from imports from Vietnam. It stated that local demand for cement has fallen and that the production capacity of the cement industry far exceeds expected demand in 2024, according to the Business World newspaper. The association noted that the cement industry employs 130,000 personnel both directly and indirectly.
CEMAP said in a statement, “As it stands, the Philippine cement industry has been forced to downscale operations as imports continue to cannibalize the market and, in certain cases, lay off workers due to the worsening market situation. With the projected increase of cement imports, manufacturers will be forced to further downscale operations until demand recovers or importers cease dumping and exploiting the local market.”
National cement production capacity is reported to be 53Mt/yr in 2024 compared to anticipated demand of 34.5Mt. CEMAP says that 7Mt of cement was imported in 2023 despite selected anti-dumping tariffs. It expects this to rise in 2024 due to a contraction in the Vietnamese market.