Terra Group Seeks to Expand throughout Central America

The Honduran corporation, which specializes in energy and infrastructure projects, feels its development has slowed within its own country.

Thursday, August 26, 2010

Terra directors' sights are now set on clean and renewable energy projects in Costa Rica and Panama, having already completed and inaugurated its Guatemalan hydroelectric project at Xacbal.

Iván Vásquez, writing for Elheraldo.hn, reports comments from Terra Group president, Fredy Násser, on the company's successes in neighboring countries and the difficulties it has suffered at home in Honduras.

Násser says that though they have investments in Honduras, the six-year construction of the Xacbal hydroelectric project generating 94 MW is what is needed but a similar scheme, Patuca Tres, is still being discussed, 15 years after it was conceived.

More on this topic

Guatemala's Pacific Oil Targets Central America

October 2012

The fuel company has announced a regional expansion process in El Salvador, Honduras and Panama.

Juan Salazar, manager of the company, explained that in 2013 they plan to open 75 stations in these countries, with a total investment of $48 million and an average cost of $500,000 per facility.

Grupo Monge Invests $45 Million in Regional Expansion

March 2010

The home appliances chain will open new stores in Guatemala, Honduras and Nicaragua.

Company president Gastón Monge commented they plan to open 40 new stores in Guatemala using the “Gallo más Gallo” brand.

“In Honduras, Grupo M will invest $15 million in 20 new stores”, reported Nacion.com. “5 stores are planned for Nicaragua, which will cost between $2.5 and $5 million”.

Grupo Terra Could Buy Shell C.A.

September 2009

The Honduran group is close to acquire Shell's operations in Guatemala, Nicaragua and El Salvador.

Terra has had operations in El Salvador since 2007, through its associate 'Grupo Uno'.

Miguel Pérez, Terra representative in El Salvador, told local news site Elsalvador.com: "...Terra is participating in the purchase of Shell's operations ...

Costa Rica's Dos Pinos aims to expand in Guatemala

July 2008

Costa Rica's top maker of dairy products, the Dos Pinos Cooperative, aims to expand its presence in Guatemala.

Dos Pinos already has US$12.5 million of investment in Guatemala, where it sells 80,000 liters of milk a day, but it aims to boost its presence by reaching accords with local companies, said Dos Pinos manager Jorge Pattoni.

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