Investment in
Building Materials

Building Materials Investment in Colombia

The construction sector is one of the most growing sectors in the Colombian economy, is a dynamic industry and superior to other important sectors of the country as the mining and service activities.

The sector includes the construction of buildings and construction of civil works, which in recent years have seen a positive trend as a result of various housing programs and infrastructure projects driven by the national government as road construction and renovation of ports and airports.

  • With an increase of 6.7%, the construction industry was ranked in first place among the sectors that grew the most in the country.
  • The construction industry in Colombia (US$ 30 billion in 2015) is the third largest in Latin America after Brazil and Mexico.
  • Between 2015 and 2020 the value of the construction industry will almost double to US$ 52 billion (compound annual growth rate of 12%) (Business Monitor).
  • Between 2010 and 2014, production of building materials showed positive growth driven by the performance of the construction sector.
  • Cement production recorded the fastest growth with an annual average of 13%, followed by non-metallic mineral production with 13%, and articles of concrete, cement and plaster with 11%.
  • Is expected a growth in consumption in the coming years of 7.7% per year for cement, concrete products and clay products; 4.5% for the consumption of non-metallic minerals and 4.2% for metal products for structural use.
  • In 2015, exports of building materials totaled US $ 475 million and were mainly of aluminum doors and windows and ceramic and porcelain products.
  • United States, Panama and Venezuela account for 59,5% of exports of building materials.

 

These are just some of the reasons to invest in Construction materials. We invite you to learn additional details about Colombia and why it is the perfect destination for your projects.

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Investment in Building Materials 20161.47 MB

Investment Opportunities

  • Assembly of production plants for cement, ceramic and pre-fabricated products to supply the local and regional market.
  • The per capita cement consumption in Colombia reached 293 kg against 330 kg on average in Latin America. It is estimated that by 2020 the per capita cement consumption in Colombia will reach 316 kg and Latin America to 379 kg. (Business Monitor).
  • The government's goal to build 450,000 new houses between 2015 and 2018, will require approximately 16.5 million tons of sand, 14 million tons of aggregates, 8 million tons of ceramic products, 6.8 million tons of cement 200 thousand tons of steel and 53,000 tons of PVC.
  • In 2015, cement production exceeded 13 million tons and is expected a production of 15 million tons by 2020, with an average annual growth of 4%.
  • Due to the 15 free trade agreements signed by Colombia, the country has gained preferential access (0% tariff) in the main building material products exported.

Regions

Learn about the principal regions that offer investment opportunities in the Building Materials Industry:

Success Stories

  • Saint Gobain (Francia): production plant for float glass. The investment amounted to USD 200 and will generate approximately 1,250 jobs. The company expects to produce more than 200,000 tons of glass for supplying the national market and exporting to countries in the Andean region.
  • MEXICHEM (Mexico): expansion of the production plant for agricultural piping, accessories, sewage systems and water storage tanks, with pipes up to 3 meters of diameter. This operation will supply domestic and Central American markets. The investment amounted to US$ 20 million and will generate 130 jobs.
  • CEMEX (Mexico): construction of a cement production plant in Bolivar with a capacity of 450,000 tons. This operation will supply raw materials for infrastructure projects in the Caribbean. The investment amounted to US$ 50 million. The plant will use cutting-edge technology for the milling process in order to exercise environmental control and maintain high quality standards.
  • Cerámica San Lorenzo (Peru): construction of a production plant of ceramic products for the local market, using cutting-edge technology and new designs. The investment amounted to US$ 60 million.
  • Tigre (Brazil): construction of a production plant of PVC products, mainly tubes and accessories for the domestic market. Approximately 130 direct jobs will be created and investment is US $ 6 million.

Contact

These are just some of the reasons to invest in the Building Materials Industry, we invite you to learn in more detail these and more reasons why to choose Colombia as the destination for your projects.

Investment Specialist: German Ríos

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At PROCOLOMBIA we cater to international companies, large enterprises and foreign government agencies interested in investment in Colombia.

Due to the nature of our activities, we do not attend to individual or personal investment requirements.

We suggest you review our Frequently Asked Questions on Investment in Colombia before you send us your inquiries.

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