Displaying items by tag: Honduras

Honduras: Cementos Argos has inaugurated its 0.3Mt/yr cement grinding plant at San Lorenzo. It spent US$25m on the upgrade project and it has created 100 new direct and indirect jobs. The plant, formerly known as Cesur Grinding Station, was purchased from Lafarge in 2013. The refurbished plant will add to the cement producer’s assets in the country including an integrated cement plant in Comayagua and a terminal in San Pedro Sula.

Honduras: Argos Honduras plans to spend US$25m towards upgrading its San Lorenzo grinding plant. The site has a production capacity of 300,000t/yr and it will develop its range of Ordinary Portland Cement products, said Argos Honduras director Harry Abuchaibe to La Prenza newspaper. The plant, formerly known as Cesur Grinding Station, was purchased from Lafarge in 2013 as part of a package of assets acquired at that time. Argos Honduras also operates a 1Mt/yr integrated cement plant in the country at Comayagua.

Honduras: According to Central America Data, the Honduran government has signed an agreement with the Italian Goldlake Group to build a cement plant with an estimated value of US$200m. The agreement comes within the framework of the VII Italian-American Latin America and the Caribbean Conference with president Juan Orlando Hernandez as a witness of honour. Economic development minister Alden Rivera announced that construction of the cement plant would start in July 2015 in the Valley of Agalteca.

Honduras: Lafarge has sold its cement operations in Honduras to Cementos Argos for Euro232m. Sold assets include a 1Mt/yr cement plant and a 0.3Mt/yr grinding plant. The sale is subject to regulatory approval.

The transaction had a total enterprise value of Euro435m based on a 2012 earnings before interest, tax, depreciation and amortisation (EBITDA) multiple of 8.6. Lafarge owns 53.3% of its Honduran subsidiary, Lafarge Cementos SA de CV.