Won Hee-ryong: "There Must Be No Public Harm from Cement Price Increases"

Visit to Cement Distribution Base on the 16th
Urging Industry Communication and Cooperation for Cement Price Negotiations

On the 16th, Won Hee-ryong, Minister of Land, Infrastructure and Transport, visited a cement distribution base located in Gyeonggi-do to inspect the supply and demand situation, including cement inventory.

Won Hee-ryong, Minister of Land, Infrastructure and Transport, is inspecting a cement distribution base located in Gyeonggi-do on the 16th. (Provided by the Ministry of Land, Infrastructure and Transport)

The Ministry of Land, Infrastructure and Transport held a meeting attended by the cement, ready-mixed concrete, and construction industries to listen to industry opinions and difficulties regarding the recent price increase plans announced by cement companies.

At the meeting, Minister Won stated, "Since the announcement of the cement price increase plans, conflicts among industries have continued to occur. We held this meeting to hear the difficulties on site and to resolve conflicts." He emphasized, "In particular, conflicts over cement prices should not lead to disputes over construction costs or construction delays, causing harm to the public."

The meeting proceeded with each industry presenting their stance on the recent price increase plans announced by the cement industry.

The ready-mixed concrete and construction industries explained that following the significant rise in cement prices last year, if prices increase further this year, construction sites will face difficulties due to conflicts over construction costs.

Minister Won said, "I hope each industry will engage more actively in communication during cement price negotiations to prevent prolonged conflicts," adding, "The Ministry of Land, Infrastructure and Transport will not spare necessary support together with related ministries such as the Ministry of Trade, Industry and Energy to ensure smooth consultations among industries."

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