Raw material costs driving higher prices – Japan

Raw material costs driving higher prices – Japan
Published: 16 February 2011

Japan’s largest cement producer Taiheiyo Cement Corp plans to raise cement prices by between Y1000 (US$12) and Y1500/t, starting with April shipments, to reflect higher costs for raw materials, the Nikkei reports. The industry’s No. 4 player, Tokuyama Corp, has already announced a hike of its own, and others are likely to follow suit, the report says. Taiheiyo Cement tried to raise prices by a range between Y500 and Y1,000 per ton last spring, only to run into a strong backlash from raw concrete producers, it says.