Cimtogo raises price per ton of cement

Tuesday, 19 October 2021 15:12
Cimtogo raises price per ton of cement

(Togo First) - Cimtogo, a subsidiary of HeidelbergCement, increased the price of its CPJ 45 cement. The information was confirmed last Saturday by Eric Goulignac, MD of Cimtogo. 

In a note addressed to retailers dated October 13, 2021, the cement supplier announced the new price and it became effective on October 15. According to the note, the ton of cement sells for CFA79,001 at Cimtogo’s plant in Lomé, and CFA81,000 in Kara.

The surge is apparently due to shocks faced by global maritime supply chains, health restrictions, and economic recovery which is causing demand for goods to rise. These various factors, Goulignac explained, impact ships’ capacities, exacerbating containers’ shortcomings and resulting in higher freight rates. 

“This price adjustment became necessary after a 250% increase in fuel for the Scantogo plant and an increase of more than $35 per ton in sea freight on gypsum and coal. Given the actual global context, keeping old prices is no longer possible,” Cimtogo’s MD said.

This means that Togo is now among WAEMU countries - Senegal, Mali, Côte d’Ivoire, Benin - where the price of the traditional cement bag rose in 2021. However, Togo, which produces clinker, remains one of WAEMU states where cement is the most expensive. 

Yesterday, Oct. 18, certified cement retailers started selling Cimtogo’s cement at CFA80,000-CFA82,000. Meanwhile, the prices of Diamond and Dangoté cement were stable in most places.

“I sell it for 81,000 FCFA. The prices at Cimtogo changed last week. Otherwise, it was 78,000 CFA francs per ton,” a retailer in the Vakpossito district on the outskirts of Lomé told Togo First. 

Fiacre E. Kakpo

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