Georgetown: Trinidad Cement Limited (TCL) Guyana Incorporated (TGI) announced a 5% hike in its ex-factory price for Portland-Pozzolan cement.
The company said in a statement said that the increase will take effect from today (May 1) as a result of increased production costs.
The release added that this price movement forms part of a deliberate pricing strategy, which was designed by TGI to minimize the impact of a large one-off increase on the market.
The current adjustment is largely predicated on a price change by parent company and bulk supplier TCL, which has been continuously faced with substantial increases in major cost components.
An escalations of 26% in spares and 12% in packaging, has also been impacting its cost profile in spite of improved operational efficiencies.
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