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 Guatemalan PreCon Group has opened its production plant at km 17.5 on the road to Leon.
Some 13 products, including sand, steel rods and the stone became more expensive by up to 18% in December.
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.
It is the third destination country for Colombian exports of construction products; this is due to the boom in that sector of Panama's economy.
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