Guatemala: Colombia’s Ultracem has invested US$1.2m in a facility for packing cement in Puerto Barrios, Guatemala, generating 16 jobs. The company has revealed that its next project in the country, where it currently sells 0.12Mt/yr of cement, will be production facilities. Prensa Libre has reported that Ultracem’s three-step entry into Guatemala, beginning in April 2019 with the import and distribution of packed cement, has entered its second stage. This consists of packing its Colombian cement, imported via Honduras, in Guatemala.
Ultracem hopes to have entered production in the country to compete with Cementos Progreso, whose three plants’ 5.3Mt/yr total output constitutes the entirety of domestic production, by September 2020. Ultracem’s administrative director Estuardo Solís has stated that ‘an aggressive marketing plan for expansion into Guatemala, Central America’s largest market’ is in place. Over four months the company has sold 40,000t of cement in the country, all of it in the east, centre and north-east.
Ultracem began its Central American expansion in 2018 with cement distribution to Panama, followed closely by Honduras, where it established a US$2m grinding plant in May 2019.
