SHWE Taung Cement Company said it has sold Apache Cement at the factory price of K17,000 per bag, as much as what consumers need.
Starting 28 March to date, Shwe Taung company has generated 60,000 tonnes of cement and sold its product at this reasonable price for people who need to reconstruct their quake-affected houses and to fulfil the domestic demand when the cement has been in short supply and prices are astonishingly climbing up.
Shwe Taung’s Apache Cement Factory (Pyin Nyaung) has received an order for more than 5,100 tonnes from the regional governments of Mandalay, Sagaing and Bago, and will sell at the factory price.
Cement price rose to K25,000, even K37,000- K46,000 per bag in mid-April, but people can’t find as much as they need, said Pyinmana residents.
“Cement prices rose further after the quake. It surged dramatically to K38,000 before Thingyan and even K40,000-K43,000 during Thingyan, but the brands are not popular,” he said.
Local authorities carried out a raid on 320 construction materials supply shops in Yangon, Mandalay, Bago and Sagaing regions and Shan State on 23 April, aiming to prevent from raising in prices amid the high cement demand gets high. During the raid, 62 shops were found raising the price by 10-15 per cent or even above 15 per cent, and legal actions will be followed. — Htun Htun/ZS
