In a bold move influenced by the relentless surge in raw material expenses and escalating overheads, East African Portland Cement has announced an increase in cement prices by a substantial KES 20 per bag. This development, effective as of September 28, 2023, marks a significant shift for the renowned cement manufacturer.
Specifically, East African Portland Cement has chosen to augment the price of its 50-kilogram bags of Portland Pozzolanic Cement CEM IV 32.5, amplifying it by 3.31 percent. The decision was communicated through a letter penned by the firm’s Head of Commercial, David Kilonzo.
Kilonzo, in his letter, highlighted the driving forces behind this pricing adjustment. He cited the unrelenting upswing in raw material prices, the growing burden of operational overheads, and the company’s unwavering commitment to preserving the superior quality that has long been associated with their brand.
This shift in cement prices carries significant ramifications for the construction industry, where cement serves as a cornerstone element. With the price hike, local contractors are likely to encounter the need to allocate more resources to complete ongoing projects or those currently in the pipeline.
In the concluding remarks of the letter, Kilonzo emphasized the company’s prerogative to modify these terms at their discretion. He also expressed gratitude for the ongoing partnership and unwavering business support from their customers.
In essence, the surge in cement prices initiated by East African Portland Cement reflects the challenging economic landscape and underscores the importance of adaptability in the construction sector.
Recent Posts
Wafula Chebukati Declines Appearance Before Raila-Ruto Talks Committee
How Kenya, Uganda & Tanzania Clinched AFCON 2027 Hosting Rights
Why Cherera & Masit Fled Kenya Post-Elections
University of Nairobi Council Extends VC Kiama’s Leave Amid Controversy
Haitian-American Leaders Urge Biden to Reconsider Support for Kenya in Haiti Mission
