Fancesa profit reaches US$10.6m

Fancesa profit reaches US$10.6m
Published: 17 April 2007

Bolivian cement maker Fabrica Nacional de Cemento SA (Fancesa) is operating at its full capacity. Fancesa reported sales of 8.4m sacks of cement against 7.9m sold in 2006. Fancesa registered a profit of US$10.6m driven by its entry into big markets such as Santa Cruz. In 2006, FANCESA-CONCRETEC group reported sales of US$62.5m. The subsidiary CONCRETEC firmed position as one of the main cement producers of the country with US$2.1m profit. For this year, Fancesa plans to expand the production capacity of Cal Orcko plant from 1.150 to 2000t daily of clinker. Production of cement will reach 720,000t, from 310.000tpa.