HeidelbergCement To Raise Cement Prices In 2007
Germany’s HeidelbergCement AG said Friday it will raise cement prices starting early 2007. Chief Executive Bernd Scheifele said Friday in a telephone press conference the company currently isn’t achieving a positive return on assets in Germany.
In order to change this, the company must raise prices for cement by at least Euro 7 a tonne, he said. According to Scheifele, the company hasn’t been able to pass on to its customers the 20 per cent rise in energy costs that occurred within the first half of 2006.
Published under Cement News
