Posted On 22 Aug 2017
Construction, as well as other productive areas, is vulnerable to external factors such as the devaluation of currencies and the economic situation of the country and regulatory changes.
Thus, the construction industry recorded a decrease in sales between 2015 and 2016. During the Real Estate Congress Plusvalia.com, held in Guayaquil, the president of the Federation of Chambers of Construction of Ecuador, Enrique Pita, submitted statistics indicating the decrease in the trading activity of companies such as Holcim Ecuador, Panamericana Vial, Graiman and Mexichem Ecuador SA. Moreover, Pita assured that cement companies have reported that sales of this material fell more than 40%; In the same way, the largest block factory in the country recorded a drop of 55%.
President of the Graiman Industrial Group Alfredo Peña said that Ecuadorian manufacturers of ceramic and porcelain lost competitiveness due to the economic crisis, the devaluation of the currencies of Peru and Colombia, the revaluation of the dollar and other factors “that did not help the recovery of the market, such as the Capital Gains Law.” “This law, after a year with its execution, has harmed the construction industry,” said Peña. (I)