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Sales of construction materials up 12% in 2010 - Abramat (Brazil)
2011-01-24
Domestic sales of construction materials in Brazil grew by 12.1% last year compared with 2009, national construction materials industry association (Abramat) said in a release.

 

The results were in line with the association's prediction, which was approximately 12%.

 

While sales of finishing materials went up 15.2%, basic construction materials sales increased by 10.6%.

 

The jump in sales of finishing materials was due to the start of various projects in 2008 that are now wrapping up, according to Abramat president Melvyn Fox.

 

"The projects are now in their final phases so more finishing materials are needed," Fox was quoted as saying by news service Agencia Estado.

 

For 2011, the association is expecting a total sales growth of 9%, slightly lower than its earlier predictions of 10-12%.


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