Venezuela to increase production

Venezuela to increase production
Published: 25 April 2011

The Venezuelan government has presented a plan which will see cement production increase this year, particularly aimed at supplying housing projects.

In 2010, construction activity fell by 7.9 per cent, partly attributed to a decline in cement supplies. According to local builders, these shortages have persisted into the first-quarter of 2011. Therefore, the government’s plan will see companies increasing output, particularly Fábrica Nacional de Cemento (FNC), formerly owned by Lafarge, which is set to see a 70 per cent rise in production.  FNC has been suffering from divestiture and management problems which has resulted in a decrease in production of 40 per cent, reports El Universal, Venezuela.