Follow us on Twitter      

Latest News


Keyword Search

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




SOURCE:  www.allheadlinenews.com

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


Virginia aggregate companies win awards for safety and reclamation projects

Five quarries and five open pit operations were singled out for meeting or exceeding a bench mark of safety in their day-to-day plant operations. More

Tanzania Earns U.S.$56m Million Revenue From Cement

The East Africa Cement Producers Association says the cement industry is a major contributor to the Tanzanian economy contributing over $55.6m to the economy every year. More

Advertise Here