The zero tariff on imports of cement to the Philippines is worrying producers there, despite only two shipments having come in since the tariff was reduced in February. With price hikes on the horizon, cement companies fear dumping will undervalue local cement.
Asia & Pacific Rim - 03 June 2010
Cemex’s bid to take over Hyderabad-based Penna Cement hangs in the balance as both companies have been unable to arrive at an acceptable valuation.
Taiwan’s Asia Cement is set to expand capacity by 6 million t in central China through mergers and self-built plants.