The Peruvian institute Indecopi announced on December 28, 2006, the introduction of a new temporary tariff on the imports of white cement, produced in Mexico by the Mexican company Cementos Mexicanos (Cemex), the third largest cement producer worldwide.
The Peruvian national institute for defence of competition and protection of intellectual property, Indecopi, imposed the anti-dumping measure after an investigation, which began on September 7, 2006. The tariff stands at $60 (45.5 euro) per tonne, it is not punitive and will result in price correction.
The measure was requested by the cement company Compania Minera Agregados Calcareos (Comacsa), because the average price of the imported white cement stood 22 per cent below the prices of the local producers.
Cemex’s imports of white cement in Peru soared 280 per cent for the first half of 2006 to 532t, compared to the first half of 2003 and the company’s share on that market rose to 17 per cent compared to 9.0 per cent.