Honduran Cement Plant Closed

Argos announced the closure of its processing plant located in San Lorenzo, department of Valle, arguing that the current conditions of the cement market in the country are not the best.

Thursday, October 17, 2019

One of the factors taken into account by the company for this decision was that between 2018 and 2019, activity in the construction sector decreased by 10%.

See "Cement: Market Figures up to March 2019"

The information was confirmed in a letter sent by Gustavo Adolfo Villa, general director of Argos Honduras, to Juan Carlos Sikaffy, president of the Honduran Council of Private Enterprise (Cohep).

Laprensa.hn reports that "... Because of the current conditions of the cement market in the country, we will proceed with the closure of our production centers, specifically the one located in the sector of La Criba, municipality of San Lorenzo, department of Valle', explains the letter."

The article adds that "... On the other hand, imports of cement in conditions detrimental to the State, which began in 2017 has meant the entry into Honduras of 209,000 metric tons of cement from China."

According to reports from CentralAmericaData, between 2017 and 2018, the value of imported hydraulic cement in the region grew 6%, from $143 million to $151 million.

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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.

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Honduras: Construction of Cement Plant Announced

February 2018

The company Argos plans to invest $21 million in a new cement plant with capacity to produce up to 440,000 tons per year in Choloma, department of Cortés.

According to officials from Argos Honduras, the new plant will expand the company's total production capacity by 30%. 

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