Wednesday, September 17, 2014

DOMINICAN REP.: Cement plants export 30% of production, 25% jump in 2Q

The president of Dominican Republic’s cement-makers grouped in ADOCEM affirmed that the industry’s upturn in recent years is evidenced by the estimated 30% of domestic production is exported, specifically to other Caribbean islands.

Carlos E. González said the upswing in cement sales began during the second half of 2013, spurred mostly by the Government construction of the 10,000 new classrooms."That caused a 25% jump in the second quarter, equaling 50,000 tons of cement, so the growth in 2013 was 16%."

He said the multiplier effect of those works throughout the country has been recognized by the construction sector’s most influential leaders and groups, stressing the key role of all those classrooms nationwide.

Interviewed by Dominican Republic’s Forbes magazine September edition, González, added that since mid 2013 to date, total demand for cement has held steady at 250,000 tons per month, or more than one year with a sustained demand.

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