Cemex Hikes Cement Prices By $25 Per Cubic Yard
Aug, 05 2008
(Houston, Texas) - Cemex SAB, the U.S.'s largest cement firm and subsidiary of Monterrey, Mexico-based Cemex, announced that it will raise concrete prices by $25 a cubic yard.
In a statement carried by Bloomberg, Cemex said the hike will replace fuel surcharges and is effective Oct. 1. Prices of fuel, steel and asphalt continue to soar compared with the falling prices for ready-mix concrete, the company said.
The price increase will enable Cemex to forego fuel surcharges from contracts.
Excluding Cemex's July 2007 purchase of Rinker Group Ltd. for $14.2 billion, the cement firm's ready-mix concrete sales in the U.S. went down 29 percent in the second quarter over the same period last year due to a residential housing slump, Bloomberg added.
Jupiter Kalambakal - AHN News Writer
Mustafa Sahmaran, Professor of Civil Engineering and director of Advanced Infrastructure Materials Research Laboratory at Gazi University, Ankara, examine in a new paper the robustness of the self-healing mechanism in ECCs. More
OSHA’s new Hazard Identification Training Tool is designed as “an interactive, online, game-based training tool for small business owners, workers and others interested in learning the core concepts of hazard identification.”