Malaya Business Insight
Cement companies are in the midst of a price war.
Prices of cement have fallen to P185 to P190 per bag at retail, against P220 to P230 in the middle of last year.
A source said low demand due to slow construction activities in the public sector, particularly infrastructure, has led to the price war.
Heightened construction boom in the private sector, the source said, is keeping sales but not enough to boost sales.
The source said the Cement Manufacturers Association of the Philippines (CEMAP) requested an audience with the Department of Trade and Industry recently to inquire on the status of various infrastructure projects, particularly roads, which consume a lot of cement.
The source said CEMAP is also dealing with issues on quality, urging that testing be made mandatory especially on the components of cement.
Data from CEMAP shows cement sales dropping 6.7 percent in the first quarter after abnormally high sales in the same period in 2010.
Read here
Cement companies are in the midst of a price war.
Prices of cement have fallen to P185 to P190 per bag at retail, against P220 to P230 in the middle of last year.
A source said low demand due to slow construction activities in the public sector, particularly infrastructure, has led to the price war.
Heightened construction boom in the private sector, the source said, is keeping sales but not enough to boost sales.
The source said the Cement Manufacturers Association of the Philippines (CEMAP) requested an audience with the Department of Trade and Industry recently to inquire on the status of various infrastructure projects, particularly roads, which consume a lot of cement.
The source said CEMAP is also dealing with issues on quality, urging that testing be made mandatory especially on the components of cement.
Data from CEMAP shows cement sales dropping 6.7 percent in the first quarter after abnormally high sales in the same period in 2010.
Read here
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