The Bolivian cement market remains dynamic and will receive a boost from the announcement that GDP will rise by 4.7 per cent, said Juan Mario Ríos, general manager, and Claudio Rodríguez, chairman of the board of Soboce.

However, the company notes that while the competition in the market has intensified, it considers to be in a good position due to the US$85m investment made in new grinding systems and an expansion that lifts capacity from 1.6Mta to 2.9Mta.

Since 2015 Grupo Gloria has invested US$160m and recently created more than 7000 direct and indirect jobs as well as launching its new Viacha LP12 cement.