Cement Industries (Sabah) Sdn Bhd has increased the price of cement by 5-15 per cent effective from the 4 January 2023. The price hike was made after taking into consideration the rise of raw materials and freight shipping costs.
Local media states that the price of cement in Sarawak and Peninsular Malaysia has increased dramatically in recent months. In Peninsular Malaysia, for example, the price of cement had risen 30 per cent last year, reports Borneo Post.
Cement Industries (Sabah) Sdn Bhd said its cement plant is not an integrated one like others in Malaysia. It has to import raw materials from outside Sabah and this has been greatly affected by external factors such as shipping costs and the increase in the US dollar.
