Holcim Romania hikes prices by 10-12%

Holcim Romania hikes prices by 10-12%
Published: 19 August 2008

Holcim Romania has hiked cement prices by 10-12% since January, the company’s general manager Markus Wirth told a press conference Monday.
Wirth added producer sale prices differ from market prices, given that certain dealers charge more in areas with high demand.
The increase in cement prices is driven by the increase in costs, mainly electricity costs, Holcim said.
Wirth also said the cement demand is on upward trend, mainly on the residential and infrastructure segments; therefore, the company eyes a 20-22% increase in sales this year.
Holcim Romania plans to invest EUR135 million in 2008 to upgrade its production units, build new stations and expand its truck fleet.
The company owns three cement plants in Turda, Campulung and Alesd and employs nearly 1,400 people.