Cementos Progreso will invest $690 million in the San Juan Cement Factory, which will produce 2.2 million tones per year when it comes online in 2012.
Jorge Lemcke, general Manager, explained that the project started at the end of 1998 with the search for a place to set up the factory, and in 2005 they bought the San Gabriel Buena Vista farm in San Juan Sacatepequez, where they found raw material reserves to produce cement for the next 50 years.
The cement company inaugurated a new calcium oxide production line in the department of Progreso.
The facility, which required over a year to build, will help double the company’s production capacity.
Prensalibre.com reports: “The project comprises a Swiss oven to process calcium oxide, capable of 400 tons a day, German machinery to process 700 tons a day, plus a packing device, capable of 20 tons per hour”.
Although they have not yet reached the volume of sales before the 2008 crisis, growth in cement is an encouraging sign.
Due to the economic crisis which affected the construction sector, the sale of cement had fallen 20% since 2007. This year it has rallied and reported growth of 10%, but still hasn’t attained the 2007 levels, said Carlos Castillo, regional vice president of Cementos Progreso.
With an investment of $200 million, the French-owned cement company has initiated a program of modernization and expansion of its plant.
The program, to be developed over the next three years, aims to eliminate bottlenecks at the plant and increase production capacity by 10%, to support the growth of the market, said Juan Martinez, director general of the cement company. In the medium term capacity is projected to double.
Employers in the construction industry forecast a 4% growth in 2012
The Chamber of Construction in Guatemala noted that this year they expect industry growth of 4%, the beginning of the revival of that sector.
The president of the Chamber of Construction, Jorge Montenegro, recognizes that the market after a slump of several years, is finally seeing an improvement. "Something that has helped is that remittances are growing and one of their main uses is to build housing," said the business leader according to Siglo21.com.gt.
Materials and other inputs saw rises of 25 percent in 2011, with a quintal of iron having the highest price increase.
Construction materials experienced a 25.6 percent increase last year, compared to prices in 2010. A quintal of iron was the item with the most notable rise, going from Q337.7 ($ 43) in 2010 to Q423.58 ($ 54) in 2011, reported PrensaLibre.com.
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Manufacturer representative of Construction Chemicals products for Central America, Caribbean and Panama
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (507) 217-2711 - (507) 6616-6778