Holcim Philippines, Inc has raised by six per cent, or roughly PHP10/40kg bag in the Luzon area.
The firm cited in a statement Wednesday costlier coal, used as fuel of its factories, as the reason for the increase. The higher price, Holcim said, “is still within the suggested retail price submitted to the Department of Trade Industry (DTI) in July 2010." Its previous increase was last October.
Holcim said it “held off any price increases since last year to help the public cope with rising prices caused by the volatility of oil and other commodities.
For its cement sold in the Visayas and Mindanao, Holcim said the price adjustments will depend on local market conditions.