Through an agreement with Cemex, Cementos Progreso Holdings, SL has taken a strategic step in its international expansion plan.
The acquisition of 100% of Cemex’s operations in the Dominican Republic, along with its export business to Haiti, marks a significant milestone in consolidating Progreso’s regional leadership.
This transaction includes a cement plant with two integrated production lines, concrete and aggregate assets, and maritime terminals.
Enrique García assumes leadership of the team in the Dominican Republic as Director de la Director of the Caribbean Region, bringing his expertise to integrate this new market. Meanwhile, Alejandro Villeda will lead the integration efforts as Director of Integration.
With this addition, Progreso strengthens its operational capacity and enters a dynamic construction market within one of the Caribbean’s most vibrant economies.
With over 124 years of experience, Cementos Progreso now extends its presence to eight countries, reaffirming its commitment to sustainability and community development in the regions where it operates.
José Raúl González, CEO of Progreso, highlighted: “We are excited to continue growing with purpose, expanding into new markets, and welcoming professional talent into our family. This step motivates us to keep building together the country we all want to live in”.
The closing of this transaction and the integration of operations remain subject to standard regulatory approvals.
In the meantime, Cementos Progreso will continue working closely with its strategic partners, clients, and communities to ensure a smooth and successful transition.
The transaction was supported by Citigroup Global Markets Inc., reaffirming confidence in Cementos Progreso’s potential to remain a regional industry leader.
Now, the company is set to bring its expertise, leadership, and commitment to the Dominican Republic and Haiti, creating economic, social, and environmental value in the Caribbean.
This expansion further strengthens Progreso’s vision: to be a leader in the cement industry and build a sustainable future for the region.
