ANCAP has stocks for four days

The cement plant owned by ANCAP in Minas, Uruguay, has only four days of stocks left, reports Esmerk Latin American News.

Production was halted in February by the union on grounds that there was insufficient personnel on the ground.

ANCAP’s cement division generated a loss of US$12.3m in 2017, down from a loss of US$27m the previous year. Although ANCAP still holds on to an important market share in Uruguay, it is facing growing competition from Cementos Artigas and imported cement. There are also reports of plans for a new privately-owned plant in the country.