Mexico cement industry to end year with 6% drop in sales

Mexico cement industry to end year with 6% drop in sales
Published: 21 October 2010

Despite expected growth for the Mexican economy, 2010 will prove less profitable for the country’s cement industry as a 6% fall in sales and in 4% decline in production are forecast.

Osmin Rendon, president of the National Cement Chamber (Cancem) attributes the contraction partly to the delay in implementing the National Infrastructure Plan as well as the decreases in remittances to the country, which impact on the auto-construction sector.  The latter accounts for 70% of bulk sales, according to Rendon.

Looking forward, he insisted that "to envision a better 2010 necessarily requires that the National Infrastructure Plan will be fully rolled out, and the national housing plan also has a major revival because it has been a little stagnant."

Source: Diario de Yucatán, Mexico