|“No Intention of Increasing Prices” says CMS Cement Sdn Bhd|
Kuching, Sarawak – July 28, 2012 – CMS Cement Sdn Bhd, Sarawak’s sole cement producer and manufacturer today categorically stated that they will ‘NOT’ be raising the price of cement. CMS Cement went on to explain that they respect the Malaysian Competition Act and do not engage in price discussions with any Malaysian cement producers.
Speaking about the recent reports of a nationwide cement price hike, Dato’ Richard Curtis, Group Managing Director, Cahya Mata Sarawak Berhad, parent company of CMS Cement said, “CMS Cement has always remained committed to the socio-economic growth 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. While the perception is that Sarawak is a cement monopoly, in truth any person can set up operations or, just as CMS Cement does, import cement to cover unexpected demand surges or disruptions to its own production. Despite these logistical challenges that may have deterred other cement producers, we continue to play our part to support the state's development.”
“In 2011 similar baseless price hike rumours were reported and we reiterate today exactly the same points we made at that time as our position and stance on the matter has not changed. As a responsible corporation, CMS Cement is fully aware that the local market depends on us to ensure a reliable supply of quality cement for its infrastructure needs. This is especially important now as SCORE’s potential is being realized. We always consider the impacts that our actions have on the construction sector and therefore, our preference is not to pass on the increased costs of doing business to the customer.”