Buoyed by a spiraling demand for cement thus far this year, Dominican Republic’s Cement Producers Association (Adocem) expects a 15% market growth by yearend 2014, while urging initiatives to promote the mortgage market, which in their view will spur the sector’s further development.
Local demand for cement was around 25% higher than the same period a year ago, when the sector’s sales also grew to around 3 million tons, a nearly 16% jump over 2012, halted the decline that started in 2007.
Adocem president Carlos González revealed the figures during the presentation of the organization’s "Annual report 2013: A sustainable future" and acknowledged that the results result from Government initiatives focused on the program to build 10,000 new classrooms per year, and investment on infrastructure across the country.
González, who’s also president of Cemex Dominicana, said the investment of the companies in the sector tops US$1.2 billion, "not counting the additional amounts invested annually to maintain the levels of production and efficiency optimal conditions.”
The head of Adocem aadded that the investment catapulted the Dominican Republic from a net cement importer to self-sufficiency and exporter of 30% of its production.
No comments:
Post a Comment