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


Steppe Cement 1Q14 market update, Kazakhstan

Steppe Cement Ltd said it sold 198,607t of cement in the 1Q14 for KZT2486m (US$13.7m), compared to 166,121t of cement for KZT2272m in 1Q13, representing an increase of 20 and nine per cent, respectively. More

Turkish Oyak Group on acquisition trail in Africa/Europe

The Oyak Group, which has various cement interests Turkey, is looking into acquisition opportunities in the cement sector. More

Advertise Here