August brings 12% sales boost for INC

Paraguay’s Industria Nacional del Cemento (INC) saw its sales increase 12 per cent YoY in August as it sold 1,286,339 bags of cement in the country. In August 2016 the cement producer sold 1,148,529 bags.

In the year to date, 8,745,627 bags were sold. In 2016 INC sales reached 13,202,803 and the company expects to surpass this figure this year. While INC President, Jorge Méndez, is confident the company will meet such forecasts, he commented that in April and May bad weather affected cement sales.

Cement output is projected to increase 45 per cent YoY by the end of this year following the installation of a new pozzolan dryer, a new cement mill and the kiln’s fuel conversion project. Forecasts indicate that the US$45m investment will save the company US$30m annually.