Global Cement Newsletter

Issue: GCW770 / 29 July 2026

Headlines


International shipments of cement connect many nations around the world. The top five trade flows of cement and clinker generated revenues in the region of US$5bn in 2025. In the last week of July 2026, governments have successfully enacted or upheld tariffs to constrain the movement of cement, including along some major trade flows.

Our story this week begins in Quebec, Canada, where the former McInnis Cement built a new 2.2Mt/yr integrated cement plant at Port-Daniel between 2014 and June 2017. The plant is situated on the south coast of the Gaspé peninsula, facing out on the Gulf of St Lawrence, and beyond to the US east coast. It was strategically located to capture anticipated infrastructure-driven demand growth in the US, under prevailing free trade arrangements. At that time, US cement imports were forecast at 22Mt in 2018, more than doubling to 50Mt by 2028.1

On 20 January 2017, Donald Trump first took office as US President, elected on a promise, among other things, to clear up ‘bad’ trade deals. In the first year of his presidency, the country imported 13.5Mt of cement and clinker.2 Import volumes continued to grow at the anticipated rate over the next eight years, up to 25.4Mt in 2025. Over the same period, US cement consumption grew by approximately 12% to around 110Mt – hardly a bonanza. The nearest plant inside the US to Port-Daniel – Giant Cement Holding’s Thomaston plant in Maine – idled its kiln in 2025.

President Trump first enacted tariffs on goods from Canada on 4 March 2025, subject to the exemption of goods compliant with the preexisting US-Mexico-Canada Agreement (USMCA). Canadian cement is eligible to be USMCA-compliant, provided it contains all-North American raw materials and has the necessary paperwork to show it. On 20 February 2026, the US Supreme Court found Trump’s tariffs void, given that the President’s emergency powers did not extend to the imposition of tariffs. A blanket US ‘surcharge’ of 10%, and Canadian retaliatory tariffs, remained in place.

It was in this Canadian retaliation that President Trump found the legal basis for his next move. A never-before-used provision of the Tariff Act 1930 permits punitive tariffs of up to 50% on any goods from countries that treat US goods ‘unequally,’ as Canada now allegedly does. On 20 July 2026, a series of Presidential proclamations enacted 50% tariffs ‘to offset discrimination’ of US exports under three headings: alcohol, automobiles and dairy products. Under the second of these – alongside hundreds of other products from animal hides to ‘bones treated with acid’ – is cement.3 The new tariffs will enter force on 20 August 2026. The anticipated effects are as follows:

1 – A decline in sales for Canadian cement producers;

2 – A rise in costs for US construction firms, passing to the end customer.

The American Cement Association previously communicated its position on Trump’s tariff measures in March 2025.4 At time of writing, it has yet to comment on these latest developments.

The Canada-US cement trade is not one of the major global flows, but it is nonetheless instructive due to the scale of the US market, as developments might affect its larger trade partners: Türkiye and Vietnam. These industries represent significant strategic overcapacity in their respective export spheres of the Atlantic basin and Asia-Pacific.

On 23 July 2026, the Philippines government rejected importer NCL Trading’s appeal against ‘anti-dumping duties’ on Vietnamese cement, in force until 2028. It found sufficient evidence of injury to the domestic sector to maintain a tariff of up to 23% on imports. NCL Trading already pays a special reduced rate of 2%. Cement from China and Indonesia previously also became subject to the duty earlier in June 2026.

Other tariff news followed from Serbia. The landlocked country imports cement chiefly from neighbouring countries and – overland via Bulgaria – Türkiye. On 24 July 2026, the government extended a six-month quota on cement imports of 250,000t. As in the first half of the year, importers will pay 50% tariffs on shipments above quota volume. The government apportioned the quota between trade partners based on their historical volumes of cement exports to Serbia in 2020 – 2024.

New trade flows continue to open up, even as others are winding down. In the first quarter of 2026, Senegal increased its cement exports to the Gambia tenfold year-on-year, following domestic production capacity growth in Senegal in the intervening period. West African regional cement imports rose by 39% in 2025, with Eastern Mediterranean countries being the lead established providers.

There are other options available to governments seeking to prop up their domestic cement production. In New Zealand, which is 60% reliant on Fletcher Building’s Portland cement plant for its cement supply, the government granted the producer up to US$34.7m to continue production on 20 July 2026. It justified the grant based on the ‘massive exposure’ of the country to global cement supply disruptions, if not for the Portland plant. Fletcher Building said that production was becoming untenable, due in part to New Zealand’s lack of any carbon border adjustments on imports. Foreseeably, such a ‘CBAM’ mechanism may play a part in the Pacific nation’s eventual decarbonisation (due by 2050). On 22 July 2026, however, the New Zealand Climate Commission reported that the government is off track to meet its goal without immediately doubling its pace of decarbonisation.5

The government of Cambodia, meanwhile, extended a specific tax exemption on domestic cement producers’ sales on 24 July 2026, until the end of 2028. The Cambodian cement industry serves 80% of domestic cement needs, with consumption forecast to chart a composite annual growth rate of 7% up to 2028.

In Mozambique, Huaxin Cement subsidiary Cimentos de Moçambique successfully tripled the production capacity of its Nacala cement plant to 1.2Mt/yr on 28 July 2026, eliminating the need for 300,000t/yr of exports. The expanded plant will, in turn, increase its exports to Madagascar.

Investing in a cement plant is always risky. The lesson of the past decade’s cement news appears to be: secure your domestic market first. In the time since McInnis Cement commenced operations at Port-Daniel, China broadly withdrew from the import of cement, and the US now shows every sign of attempting to follow it. The definite stage of the EU’s CBAM began on 1 January 2026, and the bloc is encouraging its trade partners’ efforts to replicate the measures. Rolling, temporary tariffs have served in the Philippines and elsewhere. Into the medium-term future, underserved regions like West and Southern Africa remain. As Huaxin Cement’s movements in Mozambique make abundantly clear, this may not be the case for long.

References

1 Béton Provincial, Port-Daniel-Gascons Mcinnis Cement Plant, 2017, www.betonprovincial.com/en/our-projects/port-daniel-gascons-mcinnis-cement-plant/

2 US Geological Survey, ‘Cement Statistics and Information,’ February 2025, www.usgs.gov/centers/national-minerals-information-center/cement-statistics-and-information

3 Executive Office of the President, ‘Imposing Additional Duties To Offset Canadian Discrimination Against the Commerce of the United States With Respect to Motor Vehicles,’ 23 July 2026, www.federalregister.gov/documents/2026/07/23/2026-14997/imposing-additional-duties-to-offset-canadian-discrimination-against-the-commerce-of-the-united

4 American Cement Association, ‘US Cement Industry Statement on Trump Administration’s Proposed Tariffs,’ 3 February 2026, www.cement.org/2025/02/04/u-s-cement-industry-statement-on-trump-administrations-proposed-tariffs/

5 He Pou a Rangi Aotearoa, 2026 Monitoring report: Emissions reduction, 22 July 2026, www.climatecommission.govt.nz/reports-and-evidence/publications/2026-monitoring-report-emissions-reduction/


India: Haver & Boecker India has appointed Ashish Kumar Srivastava as its Managing Director. Srivastava holds 35 years of experience in the cement, minerals and industrial engineering sectors. He has worked for Haver & Boecker India since 2022, first as Head Cement Business before becoming its Deputy Managing Director in 2023. Prior to this he held sales roles at FLSmidth and Beumer. Earlier in his career he worked in a variety of roles for UltraTech Cement from 1991 to 2007.


US: Supplementary cementitious materials (SCM) developer Terra has appointed Pete Lyons as its CEO. Lyons holds 30 years of experience in the cement, aggregates, ready-mix concrete and construction sectors. He worked as President and CEO of Irving Building Materials from 2021 to 2025. He previously worked for Cemex USA from 2002 to 2015, eventually becoming Vice President & General Manager, US East Region Aggregates. Other companies he has worked for include refinery co-products specialist Oxbow Corporation. Lyons is a Marketing & Marketing Management graduate of Miami University in Oxford, US, and holds a master’s in business administration (MBA) from the Stephen M Ross School of Business at the University of Michigan in Ann Arbor, US.

Colorado-based Terra is marketing its Opus SCM product as a secondary cementitious material that replaces fly ash. The company is currently building its first commercial-scale plant at Cleburne in Texas.


UK: The Mineral Products Association (MPA) has appointed Paul Adeleke as its new CEO. He joins MPA from his role as Executive Director for Strategy, Policy & Communications at the Global Cement and Concrete Association (GCCA).

Paul said “Mineral products are fundamental for the economy, society and the transition to a sustainable future. It’s a critical time for the industry and there’s work to be done to secure the recognition and supportive policy landscape the sector needs to play its vital role and remain viable. I’m looking forward to working with our members, policymakers and stakeholders to ensure our voice is heard loud and clear.”

Lex Russell, Chair of the Mineral Products Association, said “Following an extensive and rigorous selection process, the board was unanimous in its view that Paul is the right person to take the MPA forward. His leadership, energy and vision will be invaluable as we build on our successes championing the interests of our members and the essential role they play in supporting the UK economy and society.”


UK: Breedon Group reported sales of €1bn in the first half of 2026, up by 5% year-on-year. Earnings before interest, taxation, depreciation and amortisation (EBITDA) was flat at €135m. Profit before tax fell by 16% to €48m. Breedon deployed €128m into bolt-on acquisitions in Ireland and the US in the period.

The group expects 2026 performance in line with market expectations, with positive momentum in Ireland and the US. In the UK, it said that market indicators suggest demand will decline for a fifth consecutive year, though infrastructure provides some support.


Spain: Norway-based state-owned power company Statkraft said on 28 July 2026 that it has extended a long-term solar power purchase agreement (PPA) to supply Spanish cement producer Cementos Portland Valderrivas until 31 December 2036.

The PPA has been in force since January 2022 and was originally due to run for 10 years. The counterparty is Fortia Energia, a Spanish energy trader and demand aggregator serving the industrial sector in Spain and Portugal. Under the arrangement, Statkraft will supply 50GW of solar electricity per year from its portfolio in Spain. That electricity is purchased by Fortia and supplied to Cementos Portland Valderrivas. Statkraft said that the agreement will cover around 10% of the cement producer's annual electricity consumption in Spain, helping to stabilise part of its energy costs while supporting its decarbonisation goals.


Tunisia: During the second quarter of 2026, Société Les Ciments de Bizerte began implementing a restructuring plan approved by the Restricted Ministerial Council on 17 March 2026. The main actions focused on discussions with banks for financial restructuring and preparing the first operational measures necessary to restart clinker production.

During the second quarter of 2026, clinker production remained suspended pending the completion of the conditions necessary to restart the kiln. The company has continued to supply clinker for grinding and cement production. Cement production is expected to decrease to 38,336t, compared to 41,009t in the second quarter of 2025, representing a 7% decline. This decrease is linked to the current operating conditions at the plant. However, the company anticipates an improvement following the signing of a supply contract for 150,000t of clinker, financed by a bank loan, which will secure production needs for the coming months.


Senegal: The latest statistics from the National Agency for Statistics and Demography indicate that Senegalese exports of hydraulic cement to The Gambia increased tenfold in the first quarter of 2026, compared to the same period in 2025. Cement production in Senegal continues to grow, supported by the expansion of Sococim and Dangote Cement Senegal’s capacities. Vicat, Sococim’s parent company, said in its financial report for the first quarter of 2026 that there had been a moderate increase in cement volumes in Senegal.


Trinidad & Tobago: Cement sales declined by 41% year-on-year in Tobago in 2025, according to The Trinidad and Tobago Guardian, which cited the newly released Central Bank’s Annual Economic Survey 2025. The data suggested weakened consumer spending on durable goods and infrastructure and a slowdown in building activity. The bank warned that inflationary pressures may persist in the short and medium term and that ongoing cost pressures were likely to keep prices above the national average.


Mozambique: Cimentos de Moçambique, now owned by Huaxin Cement, has tripled the production capacity of its integrated cement plant in Nacala in the northern province of Nampula, from 0.4Mt/yr to 1.2Mt/yr, in an investment valued at US$110m. The plant supplies cement to the country’s entire northern region, in addition to exporting cement to Comoros and Madagascar, according to The Club of Mozambique news.

Fernando Barreto, executive director of Cimentos de Moçambique, said “With the new kiln and the investment made, we have begun producing clinker. It is a historic milestone for the region, as we are guaranteeing supply for the entire northern zone and boosting the country’s production capacity.” He said that the company had stopped importing 0.3Mt/yr of clinker.

The plant will also supply cement to the liquefied natural gas project in Afungi, Cabo Delgado province. Barreto added “In addition to the plant, we built a jetty that will allow cement to be transported directly to the gas project. We estimate consumption of close to 0.12Mt in the coming year during the initial phase, ensuring local content for one of the largest ongoing investments in the country. Two years ago, we sometimes experienced cement shortages in the north. By ending clinker imports and increasing production efficiency, we have managed to lower production costs, a change that is already reflected in the price of cement.”


India: Adani Group subsidiary Ambuja Cement reported a consolidated net profit of US$59m for the first quarter of the 2027 financial year, down by 34% year-on-year from US$90m in the previous corresponding period. Revenue from operations declined by 8% year-on-year to US$989m from US$1.07bn in the first quarter of the 2026 financial year, according to the company. Earnings before interest, taxation, depreciation and amortisation (EBITDA) declined by 19% year-on-year to US$165m from US$204m in the previous corresponding quarter.

The company attributed the decline to disruptions caused by the conflict in the Middle East and higher raw material costs. It reported quarterly sales volumes of 17.1Mt, while its clinker factor improved by 2.1 percentage points to 63.7%. It forecasted that cement demand would remain soft at 5% for the remainder of the financial year, but its long-term outlook remains constructive.


US: Heidelberg Materials’ Mitchell plant in Indiana, US, has reached 11 years without a lost-time injury, according to a Linkedin post by plant manager Tracy Crowther. The plant reached the milestone on 25 July 2026. During this time, it operated three kilns, built and started production on a new line, and worked through construction issues. Crowther also said that the last 18 months had gone without a reportable incident.


Papua New Guinea: Pacific Lime and Cement (PLC) has secured a US$16.3m equity investment from the government for its flagship Central Lime project. The government has therefore acquired a 13% stake in the project through Kumul Mineral Holdings (KHML). The government also retains an option to acquire an additional 5% of Central Lime for about US$6.8m, exercisable within 180 days of the start of operations. Central Lime is targeting its first quicklime production in the first quarter of 2027. The company is set to become the country’s first integrated lime and cement manufacturing operation.

"The PNG government's decision to invest directly in the Central Lime project is a landmark milestone that further strengthens the sovereign and institutional foundations of what we are building,” said PLC managing director Paul Mulder. "This capital commitment reflects over a decade of collaboration between PLC, the Papua New Guinean (PNG) government and project-area landowners, and demonstrates the depth of alignment between the company and the state in delivering PNG's first integrated lime and cement manufacturing industry.”

KMHL managing director Sarimu Kanu said “This development enables PNG to reduce reliance on imported quicklime from distant markets such as the Middle East and Asia and instead source high-quality, cost-competitive product that is locally manufactured by Papua New Guineans.”

Central Lime represents the first stage, with Central Cement planned as a separate second-stage investment. KMHL has the right to acquire up to a 30% interest in Central Cement, ahead of a final investment decision targeted for the fourth quarter of 2026. Construction works at Central Lime will taper off as Central Cement activities ramp up in the first half of 2027.


Turkmenistan: The Lebap Cement plant produced 0.94Mt of cement during the first six months of 2026, according to the government. This represents an increase of 0.19Mt from the first six months of 2025, or 27%. The government also noted that it exports cement by rail and road, but did not specify how much. It said that the commissioning of a second line at the plant in 2024 had made it possible to produce higher grade cement, specifically S-600, and that it had installed equipment by companies from Türkiye, Germany and other countries in Europe.


Nigeria/UK: Dangote Cement has said that it prefers to list its cement business in London rather than Dubai, because it would be quicker to sell its shares, according to board member Mariya Dangote.

"It's compatible with our business. We thought of the secondary listing in Dubai, but it would have taken years to list,” she said.

Dangote Cement told the Financial Times in May 2026 that reduced minimum listing requirements from the UK’s Financial Conduct Authority had finally made it workable. The company intends to sell about 10% of its shares to outside investors while retaining its primary listing in Lagos. This will reportedly be completed by September 2026, subject to market conditions and regulatory approval, according to Billionaires Africa. Shareholders approved the plan at the company's 17th annual general meeting in Lagos on 2 July 2026, authorising the board to pursue a listing on the London exchange or any other recognised international market.


Nigeria: BUA Cement has released its six-month financial results for the period ending 30 June 2026, with profit before tax of US$236m, representing a 79% increase from US$157m in the corresponding period ending 30 June 2025. The company recorded US$532m in revenues in the first half of 2026, 26% more than the US$423m reported in the first half of 2025.

CEO Yusuf Binji said “We have delivered a strong quarter despite the constraints encountered. As outlined in my April 2026 commentary, our strategic focus is firmly on new growth opportunities and cost containing measures. I am pleased with the traction of the growth plans and the gains recorded. We will continue to prioritise measures aimed at driving operational efficiencies. Therefore, I expect current process optimisation activities will result in higher productivity and improved cost management, especially with the decisions taken during the quarter. I am very encouraged by our outlook and performance over the next quarters.”


North Korea: The Hyesan cement plant has more than doubled its production volumes. According to Korean News, the plant has undergone measures to solve 'problems arising in the production process,' through the ‘initiative and ingenuity' of employees. As a result, production volumes reportedly increased by 120% year-on-year.


Mexico: Cemex has reported earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$1bn, representing an increase of 24% year-on-year. It also recorded sales of US$4.6bn in the second quarter of 2026, up by 12%. It said that the successful execution of its Project Cutting Edge was a key driver in its performance, with 80% of the original US$400m savings target already achieved as of 30 June 2026. The majority of the new savings are expected to be realised in 2027.

It said that three of four regions had delivered growth, with Mexico outperforming expectations, driven by cost efficiencies and improving demand. 'Challenging' weather conditions prevailed in the US, but Cemex said that demand remained 'broadly stable.' In the Europe, Middle East and Africa region, EBITDA increased by 9%. In South and Central America and the Caribbean, it grew by 34%.  


Afghanistan: Deputy governor Sheikh Enamullah Salahuddin has met with Tariq Mahmood, the CEO of Sako Afghan, and the contractor overseeing the Altamur cement mine, alongside officials from the Provincial Directorate of Mines and Petroleum, to review the project's advancement. Representatives from Sako Afghan confirmed that the exploration phase and preliminary development, amounting to US$455,000, have been completed. They also said that construction will begin within the coming days.

The company reported that the plant will be ready to commence full-scale production in 18 months. Situated in the Altamur district of central Logar Province, the plant will have a production capacity of ~0.8Mt/yr.


Bolivia: A shortage of diesel is affecting cement sales in Sucre. Local producer Fábrica Nacional de Cemento SA (FANCESA) said that it is unable to ship 38% of its product across the country, according to Correo del Sur.

General manager of FANCESA Jorge Camargo told local press “This problem is making it difficult for us to meet our customers’ needs. Transportation companies can’t get diesel to transport our products to the different points of sale.”

Camargo said that the company has a schedule of shipping between 2700-3000t/day, or around 60,000 bags per day of cement. He said that the company has purchased diesel from private suppliers in Santa Cruz to avoid the risk of a sudden kiln shutdown. The company has only just recovered from 53 days of road blockades in June 2026, when it had to shut down its kilns. Two kilns are currently operational.

FANCESA reportedly has an agreement with state-owned oil company Yacimientos Petrolíferos Fiscales Bolivianos to guarantee the sale of between 100,000-120,000 litres of diesel per month, but it is now buying between 30,000-33,000 litres per month from the private importer due to the shortage, which is more expensive. A meeting will be requested with the government to ask for ‘real solutions’ to the problem.


Kyrgyzstan: Cement plants in the Chui region produced 1Mt of cement during the first five months of 2026. This is 1.5 times more than the 0.68Mt produced in the same period of 2025, according to the National Statistical Committee. For the January-May 2026 period, cement plants operating in the Chui region accounted for 53% of Kyrgyzstan's total national cement output.


Serbia: According to Serbian Economist, the country has extended tariff quotas on imports of Portland cement and certain types of steel products until the end of 2026. Once the established import volumes have been reached, additional duties of 50% will be imposed, which are additional to the standard customs rate. The restrictions were originally introduced from 1 January to 30 June 2026, based on a government decree to protect industries of ‘strategic importance’ to the local economy.

In the first phase, the total quota volume was 421,100t, of which 250,350t were allocated to cement. The quotas are allocated among countries based on their share of shipments to the Serbian market in 2020-2024. The largest volumes are allocated to the EU, Türkiye, Bosnia and Herzegovina, North Macedonia and Albania. Ukraine, which received a separate quota, has previously supplied Serbia with steel products. The Serbian government has explained that the restrictions are necessary to preserve domestic cement and steel production and ensure the stability of the domestic market.


India: UltraTech has reported its highest ever June quarter for sales volumes, revenues and net profit. It recorded a 12% year-on-year increase in cement sales volumes to 41.3Mt in the period from April to June 2026, according to the company. Net sales increased by 16% year-on-year to US$2.5bn from US$2.18bn in the previous corresponding period. Profit after tax was US$2.7bn, up by 17% year-on-year. Capacity utilisation reached 81% following the expansion of domestic cement capacity to 200Mt/yr. Its global cement capacity stood at 205Mt/yr at the end of June 2026.


Japan: Nippon Steel has reported that ABB’s Ability Expert Optimiser has contributed to lower energy consumption and improved product quality at its 1.6Mt/yr Muroran cement plant in Hokkaido, Japan. The digital solution for control, stabilisation and optimisation of industrial processes has reportedly supported the producer to reduce specific heat consumption by 2%. Free lime was also reported to have decreased by about 10%, resulting in a higher-grade output. ABB completed a performance evaluation to validate the results on Nippon Steel’s operation with and without the Expert Optimiser in place.

Following the first commissioning phase with Expert Optimiser in place, automatic operation exceeded 90%. The system also reduced manual operator interventions by approximately 80% and maintained effective process control during preheater cleaning and other abnormal operating conditions.

Nippon Steel produces blast furnace slag cement as part of its steelmaking business and is moving towards highly automated or autonomous operations. The product is categorised as a low-carbon cement because the total CO₂ is around 40% less than ordinary Portland cement (OPC) when clinker is replaced by slag.

Expert Optimiser reduces emissions impacts further by utilising model predictive control (MPC) processes and AI to predict occurrences and automatically take actions in response to variables such as temperature, pressure or exhaust gas concentrations. Frequent controls are increasingly important to reduce process variability and meet productivity, cost reduction and quality targets.

“Reducing manual operator intervention and cutting fossil fuel consumption are key priorities as we work toward carbon neutrality,” said Hiroyuki Abe, plant manager. “We selected ABB Ability Expert Optimiser because it offered the best path to achieving those goals. We have seen significant improvements in process stability, clinker quality and overall operational consistency, while reducing the need for manual control. We look forward to building on these results with even more advanced operations in the future.”


Australia: Green360 Technologies (G360) has signed its first binding commercial supply agreement with Holcim Australia for MKX-CC, its calcined clay product. The agreement outlines the supply of up to 4800t of MKX over an initial 12-month period for Holcim’s concrete operations in Victoria. The company commenced commercial production in April 2026.

“Over the past four months, we have systematically removed every obstacle between our Pittong resource and the customer. We secured commercial calcination capacity through our agreement with Calix, completed our first commercial production campaign, successfully supplied MKX to infrastructure projects such as Melbourne Airport Business Park, Eastern Freeway Extension, Suburban Rail Loop and today announce our first binding commercial customer. We believe this agreement represents the first step in establishing G360 as a meaningful supplier into a market facing structural shortages of fly ash and blast furnace slag,” said executive chair Aaron Banks.


Australia: MCi Carbon has completed low-carbon cement trials with cement producer Boral. The material was produced at MCi Carbon’s Myrtle demonstration plant in Newcastle, New South Wales. The plant was officially opened in June 2026 and has been used by Boral in concrete field trials at its Maldon cement plant. The project investigated new supplementary cementitious materials for potential use in lower-carbon concrete for infrastructure applications. The trial incorporated a low-carbon cement material called ‘Pozzlock’, a synthetic pozzolan. Each tonne of MCI’s cementitious material can reportedly avoid up to 0.5t of CO₂.


Philippines/Vietnam: The Philippine Department of Trade and Industry (DTI) has rejected an appeal by NCL Trading regarding anti-dumping duties imposed on CEM I cement imported from Vietnam. Under Administrative Order No. 26-05, the DTI upheld the Philippine Tariff Commission’s decision to maintain the anti-dumping measures introduced in 2023 for a five-year period.

The ruling allows NCL Trading and Vissai Ninh Binh to retain their company-specific duty rates instead of being subject to the higher rate applied to other Vietnamese exporters. NCL Trading will continue to face an anti-dumping duty of 2%, equivalent to US$0.82/t, while Vissai Ninh Binh remains subject to a 10% duty, or US$4.03/t. Other Vietnamese cement exporters may face duties of up to 23%. DTI dismissed NCL’s claims that the review lacked transparency, that the dumping margin calculation was inappropriate, and that there was insufficient evidence of ‘continued injury’ to the Philippine cement industry.