Argos increases cement price in Honduras

Argos Honduras will increase the price of its cement as of Tuesday, 11 March after it received government authorisation to raise prices by HNL8/bag. A 42.5kg bag of Piedra Azul cement will cost HNL168. The company had sought a price hike of eight per cent or HNL11.

"We have been meeting with executives from Argos, after more than a month and a half of analysis costs we believe that the company has had significant increases in the structure of its business operations and is able to request that the freeze be suspended (at HNL160/bag), " Alden Rivera, minister of the Secretariat of Economic Development explained.

Meanwhile, Bijao Cement, distributed by Cementos del Norte SA, will maintain its price level as its executives still need to initiate talks with the government to that effect.