Preamble
WHEREAS, it is to the national interest that all installed industrial productive capacity be utilized fully in order to hasten the economic development of the country; WHEREAS, the cement industry in particular, in which the Government has investments and guarantees exceeding one billion pesos, has a productive capacity far in excess of the present and expected domestic requirements for cement in the next few years; WHEREAS, there exists a substantial foreign market for cement which could be tapped by the Philippine Cement Industry thus utilizing its idle capacity and generating needed foreign exchange for the country; WHEREAS, a concerted and determined effort is necessary in order to expand the export market for Philippine cement; WHEREAS, an orderly and stable domestic market is a desirable base for the development and maintenance of a substantial export market; WHEREAS, the establishment of such a domestic market and the expansion of the export market can most expeditiously be accomplished through a centralized government authority; NOW, THEREFORE, I, FERDINAND E. MARCOS, Commander-in-Chief of all the Armed Forces of the Philippines, pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. l, dated September 22, 1972, as amended, do hereby create the Cement Industry Authority to regulate the cement industry in the Philippines and to expand the cement export market to the end that idle capacity be utilized, foreign exchange generated and greater labor employment opportunities secured.