With this acquisition and adding to its 124 years of experience, Cementos Progreso consolidates its position as a regional leader in the cement and construction materials industry, continuing its international expansion process and expanding its operations to eight countries in Latin America and the Caribbean.
The operation in the Dominican Republic is the most important in the Caribbean and consists primarily of a cement plant, with two integrated production lines and related cement, ready-mix, and aggregates assets, as well as marine terminals. This significantly expands Cementos Progreso’s current capabilities, but, above all, allows it to enter a thriving construction market in one of the region’s fastest-growing economies.
According to José Raúl González, CEO of Progreso, “We are excited to continue materializing our expansion strategy, which commits us much more to the development of the countries where we operate. With this acquisition, we now have operations in 8 countries, entering the Caribbean market and, mainly, adding highly professional and trained teams to the Progreso family to continue generating “Progreso in everything we do”.
