The construction of megaprojects has caused a high demand for cement and an increase in the prices of the main material for the construction industry.
The fact that only two companies (Argos, and Cemex) lead the Panamanian market has caused prices to skyrocket because they are setting the price of this item. Experts expect that when demand for this raw material decreases, so will prices.
During the first two months of the year, production was 341,075 cubic meters, compared with 270,012 for the same period last year.
This comes from data put together in a report by the Comptroller General of the Republic.
PA-digital.com.pa collected statements by Iviett Serrano Vergara, Coordinator of Corporate Affairs for Cemento Panama: "Construction activity will maintain a positive balance during 2009. With these results, there seems to be a positive outlook for the first half of the year and a much more conservative outlook for the second half of the year. It is possible that growth will not reach double digits."
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Phone: (504) 626 6611 - (504) 3391 1009