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Dominican cement-makers say prices plummet, build now

Santo Domingo.- It’s the best time for the country to increase its cement consumption, since its price is 40 percent lower than in the entire region, resulting from greater competition, since Dominican Republic boasts more producers than Mexico.

The affirmation comes from the directors of Dominican Republic’s cement-makers grouped in Adocem, interviewed by newspaper Hoy.

Adocem president Carlos González, accompanied by Gabriel Ballesta, Secretary and Board members Imanol Orue and Francesco Cardi, said the population in general, but especially the lower-middle class, can buy a bag of cement at much lower prices, making it the best time to remodel or for a construction project.

They said a bag of cement that cost from RD$310 to RD$315 at hardware stores two years ago, now sells for RD$255 to RD$260, including tax.

They said the country’s cement-production capacity led to the as much as 40 percent lower prices compared with other countries in the Latin America region, including Mexico, Colombia and Brazil.

The executives noted that the country’s seven cement plants make us the region’s top producer per capita.

And although they didn’t know why the industry is so attracted to the Dominican Republic, the cement industry leaders affirm that nonetheless it’s a situation which benefits the country’s consumers.

They said the Dominican market’s high volume of cement means that companies have to compete in a dynamic manner, not only in prices but also quality.

Adocem’s directors regret however that the country is aware when cement prices climb, but not when it falls.

Source: DT

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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