Cemex announced that due to escalating fuel prices the company will raise concrete prices $25 per cubic yard nationwide effective October 1, 2008.
“Mounting fuel prices have created the need for a ready-mix price increase,” said Gilberto Perez, President of Cemex USA. “We have put forth this new, transparent pricing structure that will allow our customers to count on a firm price through January 2010. We are effectively removing all fuel surcharges and taking on fuel price risk through this time.”
To give time for customers to prepare for the increase, CEMEX will begin quoting the new prices on October 1(st). All written quotes prior to October 1(st) will not include the $25 increase and will continue to be subject to fuel surcharges for the duration of the project. CEMEX will honor previous written contracts.