The Salvadoran company Postes de Concreto S.A. has built a factory with a capacity to produce 125 concrete posts a day.
"Two years ago we began to operate in Tegucigalpa, Honduras, after having consolidated ourselves in El Salvador and in 2015 we thought about investing in Panama," said Mauricio Avalos, president of the company, explaining that the opening in Nicaragua is part of its strategy of expansion into Central America.
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.
Cementos Progreso has announced an investment of $720 million in the construction of the San Gabriel plant with capacity of 2.3 million tons per year.
"Adding this to the capacity of the San Miguel plant, located in Sanarate, El Progreso, the company will be able to offer the market five million tons of product every year", reported Prensalibre.com.
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In Panama cement prices increased between 11 and 12% from the first of January, and other materials are also rising.
Capital.com.pa reports that "With the construction boom and the arrival of the dry season, the country’s hardware stores have begun to record price increases in many of its products."
In the case of gray cement, for example, "The companies Cemento Panamá and Cemex announced that as of January 1 their products will increase by 11% and 12%, respectively, and the market is already reflecting these adjustments", said Ricardo Castillo, the sales manager of the hardware store Super Materiales. Since October 2012, he added, "most building materials began to reflect significant increases."
One of the main indicators of the construction industry reveals the intense dynamic being maintained in this sector in Panama.
According to the Controller General of the Republic, an increase of 20.9% was reported in the production of concrete in the first quarter, as a result of strong performance by the construction industry.
Pa-digital.com.pa reports, "This growth is due to the positive way in which he has the real estate sector in the isthmus has been performing in recent years, positioning itself as one of the largest in Latin America, because of the accelerated pace and the dynamics seen in the area of construction, with its contribution to the Panamanian economy "
The bid is for the maintenance and repair of highways and roads.
The Ministry of Public Works will contract diverse works including seal of cracks and concrete joints.
A preliminary discussion meeting ("homologación") will take place eight days before the submission of bids, which will be received on November 26th, 2010.
Holland's N.R. Koeling and North American company North Star Ice Equipment will carry out the project to provide industrial concrete refrigeration equipment.
The equipment will be used by the “Grupo Unidos por el Canal” (GUPC) consortium in its construction of the new set of locks for the Panama Canal.
N.R. Koeling will supply two large flake ice facilities to support the concrete production process.
The supply contract calls for approximately 500 thousand tons of cement.
CEMEX, S.A.B. de C.V. (NYSE: CX) announced the signing of a supply contract with “Consorcio Grupo Unidos por el Canal”, the primary contractor for the construction of the third set of locks of the Panama Canal expansion project.
The CEMEX contract represents an integral phase of the Canal expansion project, which includes two locks, the excavation of access channels to the new locks and the widening and deepening of navigational channels.
The Colombian company Argos Cement has signed a contract to provide cement and other products to support the canal expansion.
According to information provided by Argos, the cement will be produced at the company’s Panama site, complemented as necessary by additional volume from the plant Argos has in Cartagena, Colombia.
The company plans to begin supplying cement in December and will continue until the first quarter of 2014.
“Cemento Panamá” and “Cemex Panamá”, assured they are capable of coping with the surge in demand caused by the upcoming expansion of the Panama Canal, without importing cement.
Together they are capable of producing 3 million tons a year: Cemex 1.4 million and Cemento Panamá 1.6 million.
Cemex has recently invested $300 million to modernize its production facility, and Cemento Panamá expects to conclude the expansion of its plant in 2010, in which it has invested $100 million.
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In March 2009, the local price of steel fell by 33.8% and cement rose by 34.3% over the same month in 2008.
The decrease in the price of steel is in response to the decline in international prices, according to Jaime Jované, president of the Panamanian Chamber of Construction, to Prensa.com, who added: "The steel that arrived in the first quarter of this year came with lower prices."