Holcim hikes cement prices in the Philippines

(Manila, Philippines) — Cement maker Holcim Philippines Inc. is hiking its prices by P5 to P8 per bag in Metro Manila and Southern Luzon starting on June 21.

The company said the increase will cover the higher cost of electricity in Mindanao and rising oil prices.

Department of Trade and Industry Undersecretary Zenaida Maglaya said Holcim has informed the department about the price adjustment.

Holcim said this is the first time in 20 months it would be raising its prices in the two areas mentioned.

In January, Holcim hiked prices in Northern Luzon.

It said that power costs in Mindanao rose by 42%, while fuel costs have gone up by 20% since January.

Holcim operates three cement facilities in Mindanao – one in Lugait, Misamis Oriental, another in Davao and one facility through subsidiary, Alsons Cement Corp.


Source:
http://www.abs-cbnnews.com/business/06/14/10/holcim-hikes-cement-prices

(Visited 309 times, 1 visits today)

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.