Cement Company Sanctioned

Holcim S.A. in El Salvador was sanctioned for "having failed in its duty of collaboration to provide the information and documentation required to the Superintendence of Competition."

Thursday, February 28, 2019

From the Superintendence of Competition statement:

February 27, 2019. The Board of Directors of the Superintendence of Competition (CDSC) sanctioned Holcim S.A. de C.V. with a US$82,125.90 fine for failing to provide the information and documentation required by this Superintendence, within the framework of the study "Competition in the provision of goods and services for construction: cement, asphalt inputs and heavy machinery."

The fine was imposed based on the provisions of the Competition Law in Article 38, paragraph 6, for an amount "of up to ten monthly urban minimum wages in the industry for each day of delay to persons who, deliberately or negligently, do not provide the required cooperation or who do so incompletely or inaccurately. For this specific case, the required information was provided incompletely by Holcim to the SC, after requesting four extensions of the deadline for its submission.

Read full statement (In Spanish).

Do you need more information about your business sector?

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

Cement Plants Report Red Numbers

August 2019

In Panama, the import of cement and the depressed activity of the construction sector explain the fall in the production of concrete and cement in the first half of the year.

According to data from the General Comptroller of the Republic, between the first six months of 2018 and the same period of 2019, the total cost of construction went from $662 million to $510 million, which is equivalent to a fall of 23%. This decline in the sector has been recorded for years.

Nicaragua: Cement Companies Ready to Grow  

January 2014

The cement market is prepared to increase its capacity and keep pace with growth in construction in the country.

Cemex and Holcim, cement companies founded with foreign capital in the domestic market, say they are prepared to increase their capacity and thereby keep pace with growth in construction in Nicaragua.

CEMEX to supply cement for Panama Canal expansion

July 2010

The supply contract calls for approximately 500 thousand tons of cement.

CEMEX, S.A.B. de C.V. (NYSE: CX) announced the signing of a supply contract with “Consorcio Grupo Unidos por el Canal”, the primary contractor for the construction of the third set of locks of the Panama Canal expansion project.

Cementos Progreso invests $690 million in Guatemala

December 2008

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.

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Feb 27)
Brent Crude Oil
Coffee "C"