The Bolivian company Las Lomas has been thinking about building a steel plant in the country for eight years. Work began four years ago. Last February, operations started in the rolling sector and, at the end of July, the production of corrugated steel will start. With an investment of 177 million dollars, Las Lomas will produce 200 thousand tons of corrugated steel per year, equivalent to approximately 60 per cent of the national demand.
In the first quarter of 2021, contraband drugs into the country grew by 300 per cent compared to the same period in 2020; the legal importation of drugs also increased, but only by 30 per cent. Source: Los Tiempos
The figures of the gas business are stark. A study carried out by the Millennium Foundation, based on official data, indicates that 80% of the gas fields are in the process of decline. It also states that the refineries are operating below their installed capacity. Only 17% of the natural gas fields are under development, another 3% are in the maximum production stage (Plateau), and 80% are in the process of decline.
Industrias Agrícolas de Bermejo Sociedad Anónima (IABSA) has the mill ready to start the sugarcane harvest on the 15th of this month. It plans to mill 350,000 metric tons of sugarcane and estimates to obtain 600,000 quintals of sugar and 2 million litres of alcohol.
The Government ratified that the country will have a growth rate of 4.4%. The forecast based on the latest report of the Global Index of Economic Activity (IAGE) shows a grew of 5.3% in the first four months of the year. However, several sectors have asked the Government to present a reactivation plan and to accelerate public investment.