Bridgetown.
The price of cement will increaseby by 9.5 percent from January 1, next year .General Manager of Arawak Cement Plant Rupert Greene says the cost a 42.5 kilogram bag of cement for authorized distributors will increase by $1.66 per bag to $19.16 before VAT, while the non distributor price will increase by $1.74 per bag to $20.03 before VAT.
Semi bulk will increase by $38.22 per 1.5 tonne bag to $440.50 before VAT, while bulk will move to $402.57 per tonne before VAT an increase of $34.93.
Green said the company had no control over the retail price of cement to the consumers noting that those prices were set by distributors and retailers.
He added the increase was due primarily to the material impact that escalating energy cost have had on the company's operation and was neccessary for it to remain viable.
