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Local cement consumption has fallen since the year end of 2011

Santo Domingo.- Dominican Republic’s cement makers grouped in Adocem on Monday said local cement consumption has fallen since the year end of 2011, specifically during the first 10 months

It said the 2.2 million tons of cement sold in that period was around 8.2% lower than the same year ago period.

“This lower dynamics in the cement industry is associated with several factors such as the decline in the pace of construction activity, which actually fell by 0.4%, in the first half according to the Central Bank, from the effect of slowing economic activity in the country,” Adocem said.

“Our industry is operating at 40% capacity as it is related to the local market. On the other hand, forecasts for 2013 will largely depend on the state of the economy on situations such as a resurge in the demand for housing and interest rates, “said Adocem president Osvaldo Oller in a statement.

The country’s major cement makers continue to wager on rising exports to offset the domestic market’s negative impact. “So far this year cement exports to other markets jumped 35% compared with the same year ago period.

Adocem added that the cement industry exports around 34% of its annual production, mostly to Jamaica, Virgin Islands, Guyana and Haiti, the latter being its largest market. “The consolidation of Adocem’s success in recent years has helped make Dominican Republic the region’s top cement exporter.”

Source: DT

Category: DR News |

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Last updated March 24, 2017 at 2:14 PM
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