Rationale for Purchasing a Cement Company in Panama
The president of "Cementos Argos" explains their decision of buying Holcim's operations in the region.
Wednesday, August 5, 2009
The expansion of the Canal is a great opportunity for the cement company. In addition to purchasing Holcim's assets in Panama, Haiti, Dominican Republic and several Caribbean islands, Argos is also expanding production capacity in its Cartagena Plant in Colombia, with a new clinker line that will allow them to produce 1.800.000 tons per year.
The $157 million transaction will place the Colombian cement producer in a prevailing position in the Central American market.
Company executives visited El Salvador to discuss malls and evaluate the possibility of investing in new stores.
Agroindustrias Gumarsal has announced that it will increase capacity at the corn flour processing plant it operates in the municipality of San Juan Opico.
Hanes Brands is investing $2.2 million in a new plant for making garments in its facilities in the north of the country.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar