Hetauda Cement hikes prices, Nepal

The board of Hetauda Cement Industries Ltd decided on Tuesday to raise the price of cement due to increased raw material costs.

The Nepalese-based cement producer is to increase prices by NPR28.25/bag (US$0.30), the Kathmandu Post reported. Following the revision, the price of a bag of cement will cost NPR684.78 for dealers while development projects it will be NPR696.08. The retail price has been fixed at NPR718/bag but will cost NPR840 in Kathmandu, according to the company.

This is the second price increase to be implemented by the state-owned cement producer in six months.