Cement: New Competitor in Guatemala

In April, Ultracem Guatemala, a Colombian company dedicated to the import and distribution of finished cement packed in sacks, began operating.

Friday, September 6, 2019

Executives of the company explained that for the start-up of the company in the country have invested about $1.2 million, and that the warehouses for storage and packaging are located in Puerto Barrios, Izabal.

You may be interested in "Guatemala: Rules Established for Cement Tax" y "Cement: Imports up 6% in 2018

Estuardo Solis, Managing Director of Ultracem Guatemala, explained to Prensalibre.com that "... the project consists of three stages. The first, which is already underway, is the import of finished product packed in sacks and distribution, the second phase, which has already begun is the packaging in the country of cement produced in Colombia and brought from Honduras."

Gabriela Reyes, marketing director, said that "... The third stage is the installation of a plant for local production, which is still in project and is expected to be implemented in less than a year. The plans are to import the raw materials to produce cement in Guatemala."

According to reports from CentralAmericaData, in 2018 the main importer of hydraulic cements in Central America was Nicaragua, with $48 million, followed by Guatemala, with $44 million, El Salvador, with $25 million, Honduras, with $14 million, Panama, with $13 million and Costa Rica, with $10 million.

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