Essroc raising cement prices, US

Essroc raising cement prices, US
Published: 25 September 2008

Essroc Cement Corp. is raising prices on cement-based products by US$15 per ton, citing rising production costs driven by higher energy prices.

The price increase is effective Jan. 1. It applies to Essroc’s entire cement line.

The Nazareth-based company said it agreed to the price hike despite attempts to increase efficiency and reduce overhead.

"We have been confronted with operational costs rising at an unprecedented rate during the past two years," Michael Colella, senior vice president of marketing and sales, said in a statement.

Customers affected include concrete operators, buildings material companies and others. Colella said the price increase will help the company pay for capital investments and keep up with the cost of energy and environmental compliance.

Essroc is a subsidiary of Italcementi Group, an Italian-based cement manufacturer. It employs about 200 locally and 2,100 in North America.