The current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA). Coal prices have escalated by 3040 per cent of the cost of cement production, which has necessitated the final product price rises.
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WhatsApp: +86 18203695377Preserving Profit Margins. On November 18, 2022, the Malaysian government raised the list price of bagged cement from /50kg bag to a recommended retail price of /50kg bag in all regions of Malaysia. Typically, this led to a 17% increase in cement prices. according to the Sun Daily. The unit price index for cement increased by 1. ...
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WhatsApp: +86 18203695377Print. Malaysia: Sharuddin Omar Hashim, the managing director of Cement Industries of Malaysia Berhad (CIMA), says that rising input materials, especially coal, are driving up the cost of cement. He blamed the mounting price of coal on Indonesia's export ban and the war in Ukraine, according to the Malaysian National News Agency.
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WhatsApp: +86 18203695377To meet some way in protecting producer profit margins, the Malaysian government revised the list price of bagged cement from / 50kg bag to a recommended retail price of / 50kg bag across all regions of Malaysia on 18 November 2022. This typically increased cement prices by 17 per cent, said the Sun Daily.
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