Holcim Concludes Acquisition of Salvadoran Cement Company

Last Friday, “Cemento de El Salvador” (CESSA), officially changed its name to Holcim El Salvador.

Monday, April 19, 2010

This concludes a long process which began in 1998, when Holcim acquired 20% of Cessa.

Thomas Knoepfel, member of Holcim’s Executive Committee and president for Latin America, stated that by concluding this acquisition, the company enters a new stage in its internationalization process, providing stability and new opportunities.



More on this topic

Holcim El Salvador Invests $22 Million

March 2010

Holcim El Salvador, formerly CESSA, will enlarge its Maya production facility, located in the Metapan region.

Thomas Knoepfel, member of Holcim’s global executive committee, explained they have slowed down investment due to the global crisis.

“He also detailed that such investment is in addition to what they invest every year, which is normally around $8 to $10 million, used to buy new machinery, filters and vehicles”, reported Elsalvador.com.

Rationale for Purchasing a Cement Company in Panama

August 2009

The president of "Cementos Argos" explains their decision of buying Holcim's operations in the region.

The expansion of the Canal is a great opportunity for the cement company. In addition to purchasing Holcim's assets in Panama, Haiti, Dominican Republic and several Caribbean islands, Argos is also expanding production capacity in its Cartagena Plant in Colombia, with a new clinker line that will allow them to produce 1.800.000 tons per year.

Holcim's Share in Cessa Grows to 90%

July 2009

Swiss company Holcim has acquired 90% of the shares of Cemento del Salvador, known as Cessa.

Cessa currently exports cement and other products to Belize, Guatemala, Nicaragua and Honduras.

La Prensa Gráfica publishes in its website: "During the first semester, Holcim bought the shares through a Dutch subsidiary, increasing its share in the company from 64% to over 90%.

CESSA to invest US$25.4 million in new Salvador cement plant

July 2008

Cemento de El Salvador (CESSA), a unit of Swiss-based Holcim, is to invest US$25.4 million in a new plant in El Salvador.

The short-term aim of the project is to raise cement production by 5 million bags a year from January and create 600 jobs.
Ricardo Chávez Caparroso, the CESSA chief executive, said that the new plant would be one of Holcim's most efficient in Latin America. Holcim has a 64 percent stake in CESSA.

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