Wednesday, October 19, 2011

COLOMBIA: Cemex sees Colombia market growing 13% this year

Firm also discloses it plans to expand installed capacity in the country.

Cemex says it expects cement market in Colombia to expand 13% this year, a report from El Nueva Dia said.

According to the report, the Caracolito Cemex plant, located in the area of Buenos Aires, Ibague, is one of the most important in Colombia.

The multinational produces about 230 000 tons of cement per month, corresponding to 25 percent of product sold in the country.

"The plant is 25 percent of cement sold in the country, the largest of Colombia and is currently operating at maximum capacity," Carlos Jacks, president of Cemex Colombia said.

He said that the country "this year is growing about 13 percent by volume of the industry, then it is a plant that we will make some investments in the coming months to expand capacity, which will be relevant to the country.

"Expansion will be commensurate with the growth of industry in Colombia, that in the next two years, according to Jacks Chavarria, would be between eight and 10 percent in volume, "would mean that the country will require one million tonnes of additional cement years, representing a new plant each year. "

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