Japan’s largest cement producer Taiheiyo Cement Corp plans to raise cement prices by between Y1000 (US$12) and Y1500/t, starting with April shipments, to reflect higher costs for raw materials, the Nikkei reports. The industry’s No. 4 player, Tokuyama Corp, has already announced a hike of its own, and others are likely to follow suit, the report says. Taiheiyo Cement tried to raise prices by a range between Y500 and Y1,000 per ton last spring, only to run into a strong backlash from raw concrete producers, it says. Published under Cement News
Japan’s largest cement producer Taiheiyo Cement Corp plans to raise cement prices by between Y1000 (US$12) and Y1500/t, starting with April shipments, to reflect higher costs for raw materials, the Nikkei reports. The industry’s No. 4 player, Tokuyama Corp, has already announced a hike of its own, and others are likely to follow suit, the report says. Taiheiyo Cement tried to raise prices by a range between Y500 and Y1,000 per ton last spring, only to run into a strong backlash from raw concrete producers, it says. Published under Cement News
Sign up for our Daily News Service
Our editors' pick the top news delivered to your inbox each day.
Sign up for the daily email