Panama: Rising Costs of Building Materials

Products like stone No.4, espavé wood, concrete and sand mix became more expensive by 23.2%, 12.9%, 7.1% and 5.9% respectively in the month of July.

Wednesday, August 29, 2012

These four materials had the largest increases in their prices according to the National Institute of Statistics and Census of the Controller General of the Republic.

"The increases are attributed to the high prices of oil and its derivatives, to the economic crisis affecting some countries and the high demand for some commodities", reported Prensa.com.

Other materials which reported price increases were stranded electric cable (5.9%), concrete blocks (3.5%), gray cement (2.1%) and outlets for polarized boxes (1.5%).

More on this topic

Precast Concrete in Nicaragua

July 2012

The Guatemalan PreCon Group has opened its production plant at km 17.5 on the road to Leon.

Investment in new plant was $2 million, and the production area is 1,400 square meters.

An article in Trincheraonline.com reports that "The products that will be marketed in Nicaragua are building materials such as blocks, ‘Blocón’ system, paving stones, curb stones and slabs or beam with with LK moldsh."

Rising Costs of Construction Materials in Panama

January 2012

Some 13 products, including sand, steel rods and the stone became more expensive by up to 18% in December.

The prices of various building materials went up 18%, reveal official statistics of Panama.

In Panama and San Miguelito, the retail prices of 13 products went up in December, according to the National Institute of Statistics and Census of the Controller General of the Republic.

Increase in Construction Costs in Panama

February 2014

Prices for cement, plastic pipes and stone reported the largest increase.

From a statement issued by the Comptroller General of the Republic of Panama:

Retail Prices Indices of the Main Construction Materials (IPMC), available in the districts of Panama and San Miguelito, compiled until January 2014, showed the following behaviors:

CEMEX Launches Hidratium in Panama

January 2012

The company will begin production of a new brand of concrete that offers better quality and resistance, and that is currently being sold in international markets.

CEMEX will soon start producing a new brand of concrete, Hidratium, a technology using internal curing of the concrete which is already available in France, Ireland, Mexico, Poland and Guatemala.

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