Cementos Argos has announced plans to build a new cement plant in Choloma, Honduras.
The new grinding centre, with a production capacity of 0.44Mta, is expected to be commissioned by the end of the year.
"We chose this location because it is an industrial municipality and that facilitates the arrival of new investments," said Gustavo Uribe, general manager of Argos Honduras.
Cementos Argos plans to invest around HNL500m (US$21.2m) and boost production capacity by 30 per cent this year. At present, the cement producers operates cement works in San Lorenzo and Comayagua as well as a distribution centre in San Pedro Sula.
The project is the latest in a series of investment made by the Colombian cement producer in Honduras. The integrated cement plant in Piedras Azules saw investment in 2016, followed by the inauguration of the Industrial Centre in San Pedro Sula in 2017 and the reopening of the grinding plant in San Lorenzo.
