Ecuador February cement sales rise 13.4%

Cement sales in Ecuador in February 2012 increased 13.4 per cent YoY to 447,928t compared to 395,047t in the same month of last year, data from the Ecuadorian Institute of Cement and Concrete (Inecyc) showed.

Accumulated sales for the first two months of 2013 reached 985,320t compared to 847,694t in the Jan-Feb period of last year, representing a rise of 16.2 per cent YoY.

Last year, the South American reported its second consecutive rise in annual sales which reached a record 6Mt in 2012 (+6 per cent YoY). Julio Córdova, Inecyc executive director, mainly attributed the growth to public road and hydroelectric projects. The advance is expected to continue through 2013 with forecasts suggesting growth of five per cent to take cement demand to 6.5Mt by the end of this year.