Newsprint firm seeks import probe

A preliminary safeguard in-vestigation on newsprint imports was launched by the Department of Trade and Industry (DTI) in response to the claims by the Trust International Paper Corp. (Tipco) that the importation is hurting the local newsprint manufacturing industry.

The DTI conducted the investigation after Tipco filed a petition that stated that “increased imports have caused serious injury to the local newsprint industry,” which the group said is evidenced by their “declining market share, production, sales, capacity utilization, productivity, profitability, price suppression, depression and undercutting.”