
Displaying items by tag: Railway Board
India: The Cement Manufacturers Association of India has asked the Railway Board to withdraw a 6.5% rise in freight rates that is due to start on 25 June 2014 on the basis that the cement industry cannot absorb the cost. A note to the board said that the increase would further discourage the movement of cement and input materials by rail for an already beleaguered industry.
"In the last two and a half-years, the overall transportation cost of cement has gone up by 40%. With the current 6.5% increase in the freight rates. The cement industry, reeling under tremendous price pressure with around 100Mt of idle excess capacity, cannot absorb this increase," said the note.
Published in
Global Cement News