Cementos Argos Acquires 53% of Lafarge in Honduras

For a total of $305 million, the company from Colombia has acquired more than half of the assets of the French multinational Lafarge in Honduras.

Wednesday, September 4, 2013

"We have acquired facilities which have extraordinary efficiency and quality in the target region, but also under economic conditions which are attractive and have high growth potential," said Jorge Mario Velasquez, president of Argos.

"Argos has acquired 53.3% of the shares of Lafarge Honduras, which is composed of the integrated cement plant Piedras Azules, near Tegucigalpa, as well as a port unit and facilities in San Lorenzo on the Pacific Ocean ..." , reported Americaeconomia.com.

This operation allows "continued geographic expansion and diversification of the company" through its participation in the Honduran market of which he said that it has "an interesting growth potential due to its strategic location, possibilities for implementation of the Argos competitive model and growth potential the country," said Velasquez.

More on this topic

Honduras Authorizes Sale of Lafarge to Argos of Colombia

December 2013

A ruling states that the already concentrated Honduran cement market will not be altered by the sale of shares to the Colombian company Argos.  

From a press release by the Commission for the Defense and Promotion of Competition (CDPC):

The Commission for the Defense and Promotion of Competition (CDPC) as part of its advocacy of free competition within the framework of its powers and in relation to economic concentrations, was notified about a project of economic concentration in the Cement Industry, involving the economic agents Cementos Argos, S. A de C.V. (buyer) and Lafarge Cementos S.A. Unipersonal (seller).

Colombians Buy Regional Building Materials Company

May 2013

Organización Corona has announced the signing of an agreement to acquire the majority of Incesa's shares and the brand American Standard for Central America.

The Colombian company, which specializes in the manufacturing and marketing of building materials, expects that the transaction will be formalized in the third quarter of 2013, following the approval of the authorities of each country.

Incehsa-Lafarge Increases Investments in Honduras

January 2012

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.

Lafarge Cement Company Closes Honduras Plant

August 2009

Honduran-French consortium Lafarge Incehsa suspended operations in its Cesur ("Cemento del Sur") plant.

The closure is due to problems with the supply of clinker, done by a Salvadoran provider, informed sources close to the company.

Journalist Luis Rodríguez wrote in newspaper El Heraldo: "...

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