Iron Price Up in Honduras

Starting the first half of January, an increase between 5 and 7% is being discussed.

Wednesday, January 5, 2011

Oscar Armando Calon, director of the Honduran Chamber of Construction Industry (CHICO), noted that they are analyzing the new price in light of increases in raw materials worldwide.

"The construction industry has been hit hard by rising raw materials so according to communication from distributors, the increase will be between five to seven percent; this will impact the industry even more, while it still does not recover from last year´s deficit," he told Latribuna.hn.



More on this topic

Perspectives for Construction in Honduras

May 2017

The construction guild plans to close 2017 with $650 million in public and private construction projects, and achieve a growth of almost 6% compared to 2016.

Figures from the Central Bank of Honduras indicate that in the first two months of this year private construction registered a 2% increase compared to the same period last year. Revistaconstruir.com reports that  "... the recovery comes as a result of the development of residential, commercial and industrial works in the municipalities of the Central District, San Pedro Sula and Choloma, among others in the northern zone."

More Costs for Construction in Honduras

June 2014

If a company in the construction sector wants to sue the state for breach of contract it must deposit the equivalent of 20% of the value of the claim.

The measure which comes into effect this year is set out in Article 278 of the recently enacted Public Finance Ordinance, Control of Exemptions and Evasion Measures, and indicates that the deposit must be equal to 20% of the value of the claim and must be made before the legal process is started.

Honduran Government Refuses to Accept Cement Price Rise

November 2011

The government will not accept the increase in cement prices for 2012 announced by the construction sector.

Sector representatives from the country's chamber of industry and construction (Chico in Spanish) claim that the $0.48 price rise is due to the devaluation of Honduras' currency as well as increasing energy and fuel costs.

$211 million for construction in Honduras

January 2009

The Central Bank announced the availability of the funds to finance the construction of homes.

Latribuna.hn reports: "The president of the Honduras Chamber of the Construction Industry (CHICO), William Hall, announced that the Government will build more than 10,000 years this year with the financial aid.

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