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Cement production to fall 4% in 2010 - Canacem (Mexico)
2010-10-25
Cement production in Mexico is expected to fall by 4% during 2010, according to national cement chamber Canacem, local paper Yucatan reported.

 

The fall is due to a delay in execution of the national infrastructure plan (PNI), said Canacem president Osmin Rendon, who added that demand is expected to fall by 6%.

 

The cement industry has been in a slump since 2H08, Rendon said.

 

The PNI was announced in 2007 by President Felipe Calderon. The plan foresaw annual investment of US$40bn in infrastructure projects through 2012. However, projects have been delayed due to local budget cuts and the global economic crisis.


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