The Gerdau Group enters Central America

The Gerdau Group, the largest manufacturer of steel in America, completed a strategic alliance with the Central American Steel Corporation, the biggest steel producer on the Isthmus

Thursday, September 4, 2008


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With the stock acquisition, Gerdau is committing to invest $180 million in the Central America steel manufacturer which operates a integrated steel plant in Guatemala, four steel sheet plants in Guatemala and Honduras, and has distribution in Guatemala, Belize, El Salvador, Honduras and Nicaragua.

More on this topic

Panama Gains Foothold in Steel Industry

June 2011

The Hopsa company has signed an alliance with Schuff, the giant steel producer looking to expand in the region.

In order to take advantage of growth in the demand for steel in Latin America, resulting from the economic boom being experienced by the region, the largest steel producer in the United States will enter the market in partnership with Panama's Empresas Hopsa, S.A.

Taca and Colombia's Avianca Discussing Alliance

October 2009

Avianca CEO Fabio Villegas announced they are negotiating a strategic alliance between both airlines.

No further detail was known about this potential alliance between Colombia's largest air company and Central America's largest air transportation group, nor if the negotiation includes acquisitions or mergers.

New Steel Fiber Plant in Costa Rica  

December 2013

The Bekaert Group has bought the majority of shares of ArcelorMittal in Costa Rica and will invest $20 million in a plant for the manufacture of steel cables in Orotina.

From a press release issued by Bekaert Group:

Bekaert is expanding in Central America and growing its platform for steel cables.

Costa Rica: Chilean Firm Acquires 50% of Cefa

April 2011

The pharmaceutical group Socofar acquired 50% of the Costa Rican operation Cefa Corporation.

The alliance between the two companies will allow the financing Cefa’s expansion to Central America and the Caribbean. Among the plans is the recovery of the Honduran and Salvadoran market and consolidation of operations in Nicaragua

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