Cemex is to increase the price of grey cement in Mexico by seven per cent, its second increase of 2014.

The company hiked prices in its domestic market during the first quarter of this year. Together with the new increment, prices have risen by 14.5 per cent on a cumulative basis so far in 2014.

The increases have been made in a bid to bring prices back up to where they were in 2012 before the market's depression, as well as to compensate the rising cost of input materials such petcoke, fuel and electricity.