The leading supplier of cement in southern Africa, [DATA PPC:PPC] has welcomed the anti-dumping duties on Portland cement originating or imported from Pakistan up to and including 13 November 2015.
The anti-dumping duties follow an investigation initiated by the International Trade Administration Commission of South Africa (ITAC).
The investigation was initiated after local cement producers representing the Southern Africa Customs Union (SACU) industry submitted an anti-dumping application.
According to the cement group, ITAC will issue a preliminary report and invite comments from all interested parties in the investigation, where after it will finalise its investigation and submit its recommendation to the Minister of Trade and Industry to impose permanent duties.
“There was more than a million tons of dumped cement imports from Pakistan in 2014. This has been at the expense of SACU producers’ sales volumes,” PPC said in a statement.
“Cement is being dumped in SACU at between 14.29 per cent and 77.15 per cent less than the ex-factory selling price in Pakistan. Pakistan cement manufactures also enjoy structured tax benefits in their country.”
According to the group statement, the dumping of Pakistani cement has caused significant injury to the cement manufacturing industry in SACU, including job losses, under-utilisation of production capacity and reduced return on assets employed.