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BusinessMirror.com.ph Home Marketing Holcim adjusts price of cement by P10 average

Holcim adjusts price of cement by P10 average

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HOLCIM Philippines Inc., the country’s leader in cement manufacturing has adjusted its ex-plant prices by 6 percent due to cost pressures, particularly from coal.

The adjustment, the listed company said, meant an average price hike of P10 for the dealers in Luzon.

This, however, is still within the suggested retail price of the Department of Trade and Industry.

Retail prices would depend on the dealers.

The company has informed its dealers of the price increase late last month.

Holcim, which has a market share of over 30 percent, said it last adjusted its price in October 2010.

It noted that even as businesses across industries normally adjust prices annually to cope with inflationary pressures, it had held off any price increases since last year to help the public cope with rising prices caused by the volatility of oil and other commodities.

(Max V. de Leon)

 


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