Showing posts with label Malaysian Competition Act. Show all posts
Showing posts with label Malaysian Competition Act. Show all posts

Monday, 30 July 2012

No cement price hike in S’wak – Abdul Karim


BINTULU: The price of cement in Sarawak will stay put. Assistant Minister of Housing Abdul Karim Hamzah gave this assurance at the Sheda Home and Property Roadshow here on Saturday.

He said reports in national dailies that the price of cement could go up by RM1 per 50 kg bag and RM20 per metric tonne was applicable only to the peninsula, and not in Sarawak.

“This (price hike) is not true, and is not happening in Sarawak. We won’t worsen the current situation by increasing the price of cement,” Abdul Karim said.

Meanwhile, CMS Cement Sdn Bhd, Sarawak’s sole cement producer and manufacturer, also gave an assurance that they would not be raising the price of cement as they respected the Malaysian Competition Act.

It added that they would not engage in price discussions with any Malaysian cement producers.

Cahya Mata Sarawak Berhad group managing director Datuk Richard Curtis said CMS Cement had always remained committed to the socio-economic wellbeing of the state.

“Even though cement production in Sarawak poses a logistical challenge due to terrain, raw materials and geographical population spread, we will not be increasing our prices.