Reported by Mike Van Kamande<\/b><\/p>\n
Africa-Press – Malawi. <\/strong><\/span>Minister of Trade and Industry Simplex Chithyola Banda says the increasing cement prices are affecting government construction projects as well projects in the private sector.<\/p>\n Speaking on Monday when he met Captains of the Cement Industry in Lilongwe, Chithyola Banda said government is aware that the private sector in general and the cement industry in particular is going through challenges such as forex scarcity causing price movements.<\/p>\n \u201cWe have received complaints from the general public about the high cement prices on the market some as high as K20,000 per pocket. Government has big ongoing projects which need a lot of cement hence the shortage must be resolved promptly to mitigate high prices,\u201d he said.<\/p>\n Chithyola Banda said his ministry will be communicating with the Ministry of Finance to assist with forex to enable the cement companies buy clinker and other raw materials.<\/p>\n Cement Product Limited (CPL) Managing Director Asiam Gaffar said cement companies should not be blamed for the skyrocketing prices because they have not raised prices.<\/p>\n \u201cThe shortage of cement on the market and the rising prices is due to acute shortage of raw materials which has resulted in scaling down of production by some players. The hiking of cement from around K13,000 to K20,000 per pocket by importers is sabotage to the local industry and we need to source forex to upgrade machinery and increase production,\u201d Gaffar said.<\/p>\n Shayona Cement Managing Director Rajesh Patel said the cement players are not happy with the increased price of cement products in the country stressing his company is producing at 25 percent capacity due to scarcity of forex and inability to import clinker.<\/p>\n Portland Cement Chief Executive Officer Jianguo Lin said the coal they buy from Northern Malawi has so much Sulphur that cause kiln stoppages necessitating coal imports from Zimbabwe to blend with.<\/p>\n For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Reported by Mike Van Kamande Africa-Press – Malawi. Minister of Trade and Industry Simplex Chithyola Banda says the increasing cement prices are affecting government construction projects as well projects in the private sector. Speaking on Monday when he met Captains of the Cement Industry in Lilongwe, Chithyola Banda said government is aware that the private […]<\/p>\n","protected":false},"author":84,"featured_media":46251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,371,6256,4321,234],"class_list":["post-46253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-malawi","tag-cement","tag-forex","tag-malawi"],"yoast_head":"\n