Nicaragua: Cement Companies Ready to Grow  

The cement market is prepared to increase its capacity and keep pace with growth in construction in the country.

Wednesday, January 29, 2014

Cemex and Holcim, cement companies founded with foreign capital in the domestic market, say they are prepared to increase their capacity and thereby keep pace with growth in construction in Nicaragua.

These companies will continue to expand their investments in 2014. " ... at Holcim we plan to complete the first stage of expansion of plant capacity and according to market behavior, we could start the second phase of expansion of the cement plant ... " said Noel Morales , marketing manager at Holcim.

" ... We are evaluating the investments to be made during 2014 for innovation in technology, improving processes, productivity, purchase of equipment and machinery," said Jorge Paredes, director of distribution channel solutions for industrialists and Cemex.

However, both companies agree that the cement industry faces some challenges. "The key is to increase the capacity of the construction sector. Another challenge is to develop large-scale projects such as roads, ports, airports and housing construction."

More on this topic

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