Cementos Lima director rules out need for imports

Cementos Lima director rules out need for imports
Published: 14 December 2007

Jaime Bustamante, Desarrollo Corporativo director at Cementos Lima, is adamant that local production can satisfy Peruvian cement requirements without recourse to imports. He is aware though that growth of 10% is expected year after year in the construction sector an as such has his firm expanding its capacity. Cementos Lima is spending more than US$120mil on said expansion but will keep its prices stable. Import duties - of 12% - on cement lapsed almost two months ago.