Mexican sales slide in first quarter

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Mexico: According to figures from INEGI, Mexico’s national institute of statistics, sales of cement were worth US$1.21bn during the first quarter of 2019. This figure was 7% lower than during the first quarter of 2018. In volume terms sales fell from 11.89Mt to 10.91Mt, a fall of 8.1% year-on-year.

Market leader Cemex reported a sales fall of 15% in the analysed period despite a price increase of 4%. Cementos Fortaleza, owned by Elementia, posted a sales growth of 1% in terms of value, thanks to rising prices.

Swiss firm LafargeHolcim, through its subsidiary Holcim Apasco, saw total sales shrink by 7.4% in Latin America, with sales of cement falling by 2.6% as a consequence of the demand drop in Mexico and Argentina. Only Cementos Chihuahua registered significant growth, with sales increasing by 8% in during the quarter due to the construction of new industrial buildings and mining projects in the north of the country.

Last modified on 12 June 2019

URL: https://www.globalcement.com/news/item/9388-mexican-sales-slide-in-first-quarter

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