Eurocement Group raises cement prices by 8%

The Eurocement Group in Russia has raised the retail prices for cement by 8%. The share of the company in St. Petersburg market and the Leningrad region is estimated at 60%. The prices for Eurocement Group's products will increase by RUB 300 (€3.39/US$3.81) per tonne and the average price for cement in the market will increase to RUB 4,500 (€50.81/$57.20), as a result. The concrete producers, which are the primary customers for cement, will also have to raise the prices for their products. It
February 16, 2016 Read time: 1 min

The 3704 Eurocement Group in Russia has raised the retail prices for cement by 8%.

The share of the company in St. Petersburg market and the Leningrad region is estimated at 60%.

The prices for Eurocement Group's products will increase by RUB 300 (€3.39/US$3.81) per tonne and the average price for cement in the market will increase to RUB 4,500 (€50.81/$57.20), as a result.

The concrete producers, which are the primary customers for cement, will also have to raise the prices for their products.

It is estimated that housing prices will increase slightly, by RUB 75-100 per square metre, due to the increases.

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The projected quarrying output is 1.5 million m³. Investment in purchasing the licences stands at RUB 1 billion (€20.29 million). The information comes from Vyacheslav Traktovenko, the owner.

Purchasing quarrying facilities allows the company to move to closed-loop production of building materials and cut costs by an estimated 3-5%.

TSK-Beton owns three concrete plants in S

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