Dominican Republic sales up 18% YoY

The Dominican Republic market expanded by 18 per cent in 2014, surpassing the 16 per cent achieved the year before despite significant over capacity prevailing.

Carlos E Gonzalez, president of Adocem, attributed the growth to a strong economy which maintained a seven per cent growth, and the momentum in both the public and private construction sectors. Mr Gonzalez added that the government’s school construction programme and the development of public and private housing projects have also provided a boost to demand. Nevertheless, cement over capacity in the Dominican Republic still stands at around 60 per cent.