Cemex planning another price rise in Mexico

Cemex plans to increase prices for bulk cement in Mexico starting January 2016, according to local media.

Reforma reported that a letter was sent by Cemex to its customers in November to inform them of the pending hike.

JP Morgan has noted that Cemex had raised prices by 21 per cent over FY-2015 which resulted in a decline in the company’s market share as peers had raised prices to a much lower extent. In the research house's view, this is likely to result in continued volume improvement for LafargeHolcim (Mexico is five per cent of group EBITDA).