Holcim (US) Inc announced today that the company will increase cement prices effective August 1, 2011.
The price increase is due primarily to burgeoning energy and operating costs, in addition to costs associated with anticipated environmental regulations.
"Like many companies, Holcim has undertaken several cost reduction projects over the past few years and has successfully increased efficiencies in many areas," said Bernard Terver, president and chief executive officer of Holcim (US) Inc. "Unfortunately, it is not enough given the magnitude of the cost increases we are experiencing. In order to remain a sustainable manufacturer of cement in the United States, a price increase is unavoidable.
"We continue to be committed to our customers and to supplying them with high-quality products and services," continued Mr. Terver.