Carib Cement to hike cement price

Carib Cement says it will hike the price of  cement early in the new year.  
     
The company which  sent its first shipment of  clinker to Venezuela on Thursday says it will hike prices by an average of  3 percent. The increase takes effect on January 2.  
     
Anthony Haynes, General Manager of  Carib Cement,  says the increase is to help the company recover increases in input costs it has faced in the last few months.  
He says, all cement purchased before January 2 can be collected, at the old price, up to January 8. Thereafter, all cement will be sold for the increased price.  
     
The increase  is the fifth in the last 12 months, during which time, the price of cement has gone up an average of 10 percent.