Cemex indicated that the sale of its operation in Guatemala is valued at $200 million.
Holcim announced Tuesday that he acquired the operation of the Mexican cement company Cemex in Guatemala, which will allow the conglomerate of Swiss origin to strengthen its presence in the Central American market.
In a statementCemex detailed that the sale of its Guatemalan subsidiary is valued at about $200 million, whose revenue will go to strengthen its operation in markets with more promising growth promises.
The acquisition, signed on September 10, contemplates the assets of a cement mill located five kilometers from Puerto Quetzal, as well as two fixed plants of premixed concrete.
It also covers a premixed mobile concrete plant, a maritime terminal and five ground distribution centres. In total, Cemex operated in Guatemala with 150 collaborators.
Cemex indicated that the mill had an installed capacity of 0.6 million metric tons per year.
Fernando A. Gonzalez, CEO of Cemex, said the company accelerated in 2024 a portfolio rebalancing strategy with sales exceeding $2 billion in assets located in emerging markets.
Cemex began a divestment plan in Central America in 2021, with the sale of its operations in El Salvador and Costa Rica to Cementos Progreso, worth $335 million.
Regional growth
Holcim entered Guatemala in 2023 with the purchase of the majority shares of Minerals and Addeds, a company dedicated to the production and marketing of mortars, adhesives and calcium carbonate solutions.
In this way, the acquisition is a piece in the expansion plan in the Holcim region, with a presence in El Salvador, Costa Rica and Panama. We are excited to be part of Guatemala’s growth and contribute to the country’s development with our innovative and sustainable solutions, said Manuel Sirtori, who was appointed on September 10 as the new CEO of Holcim Guatemala.
This article has been translated after first appearing in Diario El Mundo