Dominican cement producer Cemento Panam, a subsidiary of Grupo Estrella, has significantly strengthened its position in the Central American construction market by acquiring the Cementos Fortaleza plant in Acajutla, El Salvador. Backed by regional financial institutions including Bladex, BAC, and Global Bank, this strategic move adds a manufacturing hub with an annual production capacity of 350,000 metric tons to the company’s portfolio.
This transaction marks a key milestone in Cemento Panam’s geographic expansion, integrating El Salvador alongside its established operations in the Dominican Republic and Panama, where it trades under the Cemento Bayano brand. By securing a production footprint on El Salvador’s Pacific coast, the conglomerate aims to streamline supply chains and meet growing demand across Central America and the Caribbean.
“Executing this operation in El Salvador represents an important step for Cemento Panam,” noted Giuseppe Maniscalco, President of Estrella’s Industrial Division, emphasizing that the acquisition aligns directly with the group’s long-term strategy to drive growth across the region from its headquarters in the Dominican Republic.
With a 43-year track record and an active footprint spanning 16 countries, parent company Grupo Estrella continues to consolidate its diversified portfolio. Beyond cement, concrete, and steel manufacturing, the group maintains strategic investments across the energy, healthcare, real estate, and media sectors throughout Latin America.