Investment in
Building Materials

Building Materials Investment in Colombia

 

The construction sector is one of the fastest 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.

  • In the next 5 years, the construction sector will grow by an average of 5%, becoming one of the main sectors that drive the growth in the country.
  • Colombia is the third largest construction market in Latin America, with an expected value of USD 23 billion for 2018.
  • The Colombian national government has four current construction programs, Casa Ya, Casa Ahorro, free houses program and credit subsidies, showing a strong support of the national government for this sector.
  • According to calculations by Asogravas, it is estimated that the production of construction materials will double from 160 million tons to 320 million by 2025.
  • It is estimated that by 2022 the cement consumption in Colombia will reach 19 million tons. (Business Monitor)
  • With more than 16 trade agreements in force, Colombia has preferential access to close to 1.5 billion consumers in markets such as the United States and the European Union. In addition, its privileged geographic location makes the country an ideal export platform for the region.
  • Companies like Saint Gobain, Mexichem and Cemex had chosen Colombia as their investment destination.

 

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

  • Installation of profiles, doors, metalwork and other aluminum products production plants for the construction industry to meet the needs of the internal and external markets. Colombia trade of construction materials has growth 13,8% between 2010 and 2017, going from USD 285.4 million to USD 324,7 million.
  • Installation of plants for the production of cement to provide the local and exports market. It is expected that the cement consumption in the country goes from 15.6 million tons in 2018 to 19 million tons in 2025.
  • Installation of plants for wood products for construction. The 38% of the wood for construction is used for the constructive and edifying process.
  • Investment in social interest housing projects. Colombia government is promoting different programs of social interest housing, especially in the suburbs. The prefabricated houses had advantages due to the construction speed, cost reduction, and the adaptability to locate them.
  • Installation of plants to meet the growing internal and regional needs for glass products used in the construction industry. The geographic location of the country facilitates the supply for construction industry in the countries of the Caribbean, Central America, and Andean region.
  • Installation of architectonical carpentry and wood finishes production plants for the construction industry. 62% of the wood used in construction is finishing (floors, ceilings, doors, and stairs).
  • Strategic alliances with Colombian companies. Sixteen commercial agreements that allow reaching 1.500 million consumers.
  • Installation of steel and iron production plants to meet needs of the construction industry. The Master Plan for intermodal transport projects an average annual investment of USD 3.5 billion for an estimated financing of USD 71 billion at the end of 2035. (Ministry of transport of Colombia)

Regions

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

  • Bogotá
  • Magdalena

Success Stories

  • Ternium will reinvest in Colombia to expand production in 2019
    The Argentine company, part of the Techint Group, present in Colombia since 2010, will invest USD $90 million in the country. The new plant will produce 520,000 tons of rebar and steel rolls for construction per year. They expect to start production in the second semester of 2019, creating 300 direct and 2,700 indirect jobs.
  • Japan's Castem chooses Colombia to install its first plant outside of Asia
    The Japanese company specializing in precision tool foundry for the automotive, medical, and construction industries is moving forward with the commissioning of an industrial plant on the western side of Bogotá.
    It will be this multinational's first plant outside of Asia. One of the reasons that the Japanese company chose Colombia is for its strategic location as an export platform to Mexican and US markets, where it plans to export goods in the future.
    To begin, the company invested US $5 million and began its operations in the free-trade zone of Intexzona, on the western side of Bogotá, creating 50 jobs. The investment contributes to the transfer of precision material foundry technology, innovation, and knowledge in order to increase competitiveness in this sector in Colombia and in the region.

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: Manuel Salgado: This email address is being protected from spambots. You need JavaScript enabled to view it.

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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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