Holcim Mexico to raise prices of bagged cement

Holcim Mexico has announced that the prices of its bagged cement products will increase by seven per cent from 1 September. The hike has been attributed to the high volatility in the exchange rate as well as rising costs, with energy prices rising up to 22.9 per cent.

The company has reportedly implemented mitigation measures, such as increasing process efficiencies, to reduce the impact of the effects on production and distribution expenses.