Chilean cement operation Polpaico is hoping for a better 2011 given that increased demand predicted in the wake of February 2010´s earthquake did not really materialised.
The president of the company, Juan Antonio Guzman stated yesterday at the company’s Annual General Meeting that sales volumes advanced somewhat in 2010 but that clinker imports rising 77% impacted sales. Overall results fell short of 2008. Profits for Polpaico in 2010 came to CHP$399m, down 92% when compared to 2009 as distribution costs rose 8%.
However, last year the company was able to increase its concrete market share by over 2%.