Japanese cement producers hike prices

Japanese cement producers hike prices
Published: 18 September 2013

Tagged Under: Pricing Japan 

Prices for building materials in Japan, including cement, are being hiked on the back of post-earthquake reconstruction projects, and robust demand for condominiums and other buildings.

According to reports by the Nikkei, some of Japan’s leading cement producers Taiheiyo Cement Corp, Ube Mistubishi Cement Corp and Sumitomo Osaka Cement Co, have announced price hikes of about nine per cent next months.

Building materials manufacturers are also confident on the demand outlook following Tokyo’s success at being awarded the 2020 Olympic Games.