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MANILA, Philippines – Cement manufacturers are no longer expecting demand growth this year, as slower government infrastructure spending continues to weigh on construction activity.
Nearly a year after the multibillion-peso graft scandal that had prompted tighter checks on public works projects, Cement Manufacturers Association of the Philippines (Cemap) president Reinier Dizon said the industry had yet to see a meaningful pickup in demand even after the peak construction season from February to April.
READ: Infrastructure graft weighs down cement demand
While the dry season typically boosts construction activity, Dizon noted that government infrastructure spending—which accounts for about 40 percent of total cement demand—remained sluggish.
