The cement market is prepared to increase its capacity and keep pace with growth in construction in the country.
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.
Mexico's Cemex will build a new plant for grinding and packing under an agreement with the Compañía Nacional Productora de Cemento.
From the statement released by Corporaciones Nacionales del Sector Público (CORNAP):
Memorandum of Understanding Signed Between Cementera and CEMEX Nicaragua
Thursday, November 21, 2013
The Chairperson of the Board of the Compañía Nacional Productora de Cemento (CNPC) Carmen Reyes García and the representative from CEMEX Nicaragua, Andrés Jiménez Uribe signed a Memorandum of Agreement where the Mexican government authorized the construction company to install and operate a plant for grinding and cement packing facilities outside the cement plant located in San Rafael del Sur.
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.