Imports decline as domestic plants expand their operations
Laos’ cement imports decreased to $37.3 million in the second quarter of 2017, a 12.8% drop from $42.8 million recorded in the same period last year, Vientiane Times reported referring to the statistics from the Ministry of Industry and Commerce. Furthermore, the ministry expects the country’s total cement imports for 2017 to fall to $80 million, a slight decline from $84 million in 2016.
Despite the increase in demand for cement due to the development of infrastructure projects in the country, Laos has seen a decline in imports of cement this year as most local cement producers are expanding their production facilities, the ministry informed Vientiane Times.
According to the ministry, Lao Cement Public Company is currently the largest producer of cement in Laos. The company’s plant in Vangvieng district has the capability to produce 700 tonnes of cement per day which covers 12 percent of the cement in the local market.
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