Preamble
WHEREAS, the Cement Industry Authority was constituted on January 11, 1973 to exist for a period of three years under Presidential Decree No. 94; WHEREAS, the Cement Industry Authority has helped rationalize the Philippine cement industry and improved performance of the industry in providing an adequate and continuous supply of cement to the country, generating foreign exchange earnings from exports and contributing to development of the national economy; WHEREAS, subject to the approval of the President, the Department of Industry adopts and implements the guidelines for rationalization of certain industries to ensure maximum utilization of industrial capacity and orderly productive growth of said industries: NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby order and decree the following amendments to Presidential Decree No. 94: