Higher input prices push up cement production costs, Slovakia

Higher input prices push up cement production costs, Slovakia
Published: 06 October 2006

Higher input costs, including electricity, have been pushing up cement production costs.

The Union of Cement Producers (ZVC) warns that it is no longer possible to compensate for the dramatic growth in cement output costs by technological improvements.

For example, electricity suppliers increased their prices more than 30 per cent over the last five years, said ZVC President Karol Podhora. He said that other suppliers also have increased their prices and that it is becoming increasingly difficult for cement producers to cope with these increases.

Even with the use of the latest technologies, it is not possible to manage such dramatic rise in costs through improving efficiency of production. Though in the last few years their costs, including electricity, rose 15-20 per cent, cement prices grew slower than inflation.