Paraguay’s INC records rise in 2H12 cement sales

Paraguay’s INC records rise in 2H12 cement sales

Paraguay’s Industria Nacional de Cemento (INC) posted a 56 per cent jump in second half 2012 sales compared to the first half of the year.

The company sold 6,337,786 bags of cement in the second half of 2012 compared to 4,051,637 bags sold in the first six months. As a result, the company accumulated revenues of PYG262,823m (US$62.7m)  in the final semester of the year, a marked improvement on the first-half PYG166,131m.

Full-year sales reached 10,389,423 bags, up 3.6 per cent from 10,025,910 bags sold the previous year. Total income from sales was PYG428,954m.

The challenge for INC is to successfully switch fuel sources, enabling the company to move to a strong competitive position in the market. At present, around 84 per cent of production costs lies in the purchase of fuel oil. The cement producer plans to replace the fuel oil by petcoke.