Cementos Progreso inaugurates US$23.2m lime plant

Cementos Progreso inaugurates US$23.2m lime plant
Published: 18 February 2010

Guatemalan cement firm Cementos Progreso inaugurated its new lime plant in northeastern El Progreso department, the energy and mining ministry said in a release.

The expansion of the plant cost US$23.2m.

"This will allow us to double our lime production from 180,000tpa to 360,000tpa," the company’s lime unit manager Peter Klose was quoted as saying by local paper Siglo XXI.

The plant was expanded to meet growing demand, both in the national and international markets, said Klose.

The Guatemalan lime market grows 5% annually, according to Klose.

Cementos Progreso exports lime and cement to Central America, Trinidad and Tobago and Ecuador. Klose expects exports to Central America to grow from 15% to 30% of company sales in the long term, the paper said.