Caribbean Cement Company:Cement prices up


Updated Tue, 08 Jan 2013 00:00:00 GMT

The announced price increase for a bag of cement takes effect.

Caribbean Cement Company announced last month that the prices for its packaged Carib Plus will be increased by 15.4 per cent.

There is also to be slight adjustments in the prices for other products.

A bag of Carib Cement OPC will be sold for $780 while Carib Cement plus will sell for $755 per bag.

Carib Cement said it had to increase its prices in order to generate enough money to meet debt payments.

The company has said the price adjustments are reasonable and that the level of increase was just enough to allow it to avoid defaulting on its financial commitments.

It also said it will facilitate the delivery of cement at the current price to customers who have already paid for the product up to January 11, 2013.

All cement picked up after that date will attract the new prices.