According to the latest report by Reuters, Puerto Rico's cement sales dropped by nearly 15% in December year-on-year. This has affected the economic activity index on a whole, resulting in a decrease of 0.5% in December.
The data showed that gasoline consumption fell by 0.8% alongside cement sales. The US territory has about US$70 billion of debt and has defaulted on some of its borrowings.
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LafargeHolcim is the exclusive supplier of the Bogotá-Villavicencio road infrastructure project, and is making the journey to Bogotà three times faster.
According to the Government Development Bank of Puerto Rico’s Economic Activity Index, 1.29 million bags of cement were sold in April 2014, down 17.5% y/y.
