By Susana Lima

Guatemalan company Cementos Progreso, seeks to venture into the Honduran cement market which has been ruled by two industries only.

The hoarding of this market has led to charging excessive prices, so Francisco Zelaya, Minister of Industry and Trade, announced in December that the government will allow the entry of new cement companies.

Thanks to the new business facilities that the country is offering, Cementos Progreso’s Authorities met with President Porfirio Lobo to express their intentions to expand investments in Honduras.

To begin operations, businessmen will return to Honduras in early February to sign a trade agreement.

Cementos Progreso has two production plants, La Pedrera, located in Zone 6 of Guatemalan capital, which has more than 100 years in operation and the San Miguel factory located in Sanarate, El Progreso.

San Miguel plant consists of four packaging lines, two of which are fully automated and each packs 3.000 bags per hour and the remaining two lines pack 2.000 bags per hour each.