Holcim's Share in Cessa Grows to 90%

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

Monday, July 27, 2009

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%. The remaining shares are distributed among over 370 persons and companies, mostly Salvadorans."

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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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