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News Turkish Cement Manufacturers’ Association responds to rumours of price rises

Turkish Cement Manufacturers’ Association responds to rumours of price rises

Written by Global Cement staff 03 January 2019
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Turkey: Nihat Özdemir, the chair of Limak Holding and president of the Turkish Cement Manufacturers’ Association (TÇMB), has reassured the construction industry that the price of cement will not rise too sharply in 2019. He denied that the price would rise by up to 40%, according to the Hürriyet Daily News newspaper. However, he did confirm that prices would increase due to growing input costs and negative foreign currency exchange effects. Özdemir said that electricity costs had risen by 76%, coal by 182% and petroleum coke by 170%.

In late December 2018 the Construction Contractors Confederation (İMKON) complained about an expected 40% price rise in cement products and it called on the government to intervene. The Independent Industrialists’ and Businessmen’s Association (MÜSİAD) has also issued a similar warning.

Last modified on 09 January 2019
Published in Global Cement News
Tagged under
  • Turkey
  • Turkish Cement Manufacturers' Association
  • Price
  • Energy
  • currency
  • Electricity
  • Coal
  • coke
  • Construction Contractors Confederation
  • Independent Industrialists’ and Businessmen’s Association
  • GCW386

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