Argos Cement will to expand its cement production capacity in Honduras with the construction of a new milling plant in Choloma, in the north of the country. The new plant will represent an investment of around US$20 million and expand Argos’ Honduran cement capacity by around 30% (0.44 million tpy).
The new operation will generate nearly 200 new jobs, the company said in a press release, and joins the integrated cement plant in Comayagua and a grinding plant in San Lorenzo. Its northern location will also allow it to tie in with Argos’ existing logistics network of production sites in Central America, the Caribbean, Colombia and the US.
Argos Cement is part of Grupo Argos and is a multinational producer of building materials based in Colombia. It is the fifth largest producer of cement in Latin America and the fourth largest in the US. It is also a leading supplier of ready-mixed concrete in Colombia and the US.