Paraguay: INC plans to raise capacity

Paraguay’s Industria Nacional de Cemento (INC) plans to increase its production capacity from 50,000 to 70,000 bags/day in 2015, according to Jorge Méndez, head of the company. This is expected to create a good supply to the market and lower prices by the end of the year.

Although the company is forecast to have an accumulated deficit of nearly PYG1bn, due to successive years of losses, he assured that in 2014, the firm will produce a profit of PYG8000m.

The change in fuel planned for 2016 is also expected to offer scope for price decreases. “The price will fall from PYG42,000 to PYG35,000 in 2016 when the fuel change has been carried out,” he explained.