Peru Cement Industry Booms
Peru’s solid economic performance puts pressure on both government and private sector to ramp up infrastructure projects to keep the boom going. Building material demand is surging.
infrastructure deficit may be considered negative by many
businesses operating in the country, but it is a boon for the
cement industry. The Peruvian Construction Chamber (Capeco)
estimates a deficit of 1.2 million housing units at the start
of 2011, similar to the past two years. The Association to
Foment National Infrastructure (AFIN), which groups together
private companies operating public services, claims Peru needs
approximately $38 billion of investment in the next five years
in energy, sanitation and transportation infrastructure to
ensure annual economic growth of 6% or more.
The twin deficits, on top
of forecasts of more than $56 billion in new mining and energy
projects through 2020, could not be better news for
Peru’s cement business, which is growing at a
record pace, according to the Association of Cement Producers
Cement consumption in November 2010 jumped 22.9%, to 754,422
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.