Cement prices may be increased by 22 percent in Iran
Baku, Azerbaijan, May 21
By Fatih Karimov - Trend:
Cement prices may be increased by 22 percent in Iran.
Abdolreza Sheikhan, Secretary of the Union of Iranian Cement Industry Employers, said producers have suggested an increase between 14 and 22 percent in the prices, Iran's Tasnim news agency reported on May 21.
New prices will be announced by the next three days, he noted.
In January, Sheikhan said Iran was the fourth largest producer of cement in the world with an annual production capacity of 70 million tons, Press TV reported.
"Presently, Iran with an output capacity of 70 million tons of cement [a year] is the world's fourth largest producer of cement after China, India and the United States," he added.
Iran would become the world's third cement producer if its 75-million-ton nominal capacity becomes its actual capacity, he noted.