Pacific Cement hands submission to increase cement prices
May 19, 2019 4:04 pm
The Pacific Cement Limited- a subsidiary of Fijian Holdings Limited – has made submissions to the Fijian Competition and the Consumer Commission to increase cement prices.
Group chief executive Nouzab Fareed says they have done this because the company has been struggling over the years.
Fareed says their operational cost between 2013 and this year has so far increased by eighteen-percent while the selling price for cement has remained the same
“So we have made submissions to Fijian Completion and Consumer Commission for them to look at us. Look at our cost structure. So that is very important. Definitely we don’t want to increase the price and give a burden to the consumer but we are also investors, we have to be responsible. I have close to 80 workers there we need to look after and it should be a responsible production
Fareed says they’ve also invested more than four million dollars into capital expenditure in the last two years.