Rationale for Purchasing a Cement Company in Panama

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

Wednesday, August 5, 2009

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.

In an interview with newspaper La Estrella, José Alberto Vélez, president of Cementos Argos, gave some insight on the operation, and remarked that "for the next three years, Argos does not see Panama as a platform for exporting to other destinations, because of the opportunities observed in the country's construction sector and the Canal expansion".

Market Intelligence

Everything about cement exports in Panama.

Top exporters - Quantities, amounts and prices.

more info

More on this topic

El Salvador: $3 Million in Cornmeal Plant

October 2014

Agroindustrias Gumarsal has announced that it will increase capacity at the corn flour processing plant it operates in the municipality of San Juan Opico.

After the Maseca plant announced its closure, the Salvadoran company Gumarsal has announced an increase in the production capacity of the plant it operates in the country, which currently produces 3000 tons of cornmeal per month.

Textile Company Expands Operations in Honduras

July 2014

Hanes Brands is investing $2.2 million in a new plant for making garments in its facilities in the north of the country.

The operations manager Manuel Castillo, told Laprensa.hn that the investment is for "... a new plant called H2, which we started in January this year. It is an investment of $2.2 million including equipment for making clothes, sewing machines, molding garments and cutting."

Mango Clothing Chain Looks to Expand in the Region

July 2011

Company executives visited El Salvador to discuss malls and evaluate the possibility of investing in new stores.

The Spanish chain reported that its sales in Latin America have reported growth rates above 10%, which is encouraging them to explore the possibility of expanding in that market.

Argos purchases Holcim's Caribbean and Panamanian Operations

July 2009

The $157 million transaction will place the Colombian cement producer in a prevailing position in the Central American market.

Swiss cement maker Holcim, the world's second largest, made this announcement: "As a consequence of the nationalisation of Holcim Venezuela, the long-term economics of supplying Holcim-produced clinker and cement to the grinding stations and terminals in Panama and the Caribbean is no longer viable".

 close (x)

Receive more news about Mergers & Acquisitions

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Feb 28)
Dow Jones
S&P 500


(Mar 23)
Brent Crude Oil
Coffee "C"