Cemex to increase Mexican cement prices

Cemex announced that it is to increase cement prices in Mexico by an average of six per cent per bag as of today.

The company said the hike, which was announced last week, is due to rising input costs. "In order to compensate for the constant increase in rates and prices of major inputs, Cemex announced its dealers an average price increase of MXP120 /t (US$9) of grey cement, equivalent to an increase of six pesos per bag, from next Monday 16 July."

Increases in petcoke, fuel oil and electricity prices have driven up cement production costs, the company said, as well as hikes in rail transport due to increases in fuel prices. (Source: Sexenio Nuevo León, Mexico)