Cementos del Norte S.A.

What Cementos del Norte S.A. does

Cementos del Norte S.A. (CENOSA) is Honduras's largest cement manufacturer, producing under the Bijao brand from a two-line facility in Choloma, Cortés, with installed cement capacity of 2.3 million metric tons annually and clinker capacity of 1.7 million metric tons annually. The company was originally founded in 1958 as Cementos de Honduras S.A. and operates today as a privately held Honduran corporation following a transition from state to private ownership.

The company's product portfolio spans eight ASTM-compliant cement types (GU, HE, LH, MH, Block under C-1157; Type I, II, V under C-150), plus the premium Cemento Bijao Plus line. Manufacturing technology centers on a 2009 Polysius German kiln installation (3,100 tons/day) with a Quadropol 250 ton/hour raw mill, a 2015 Thyssenkrup TITAN crusher at 900 ton/hour, and a 2018 Cemengal 25 ton/hour ball mill that expanded installed capacity by 16%. Since 2007 CENOSA has co-processed waste-derived fuels (CDRs) at a 10% substitution rate, providing both cost and ESG leverage.

CENOSA generates revenue primarily through direct cement sales via the largest cement tanker fleet in Honduras (supplying 1,000+ metric tons daily), complemented by a nationwide dealer network (Cobertura Bijao) across all 18 Honduran departments, a direct sales office in Tegucigalpa, and an online customer portal. The company also monetizes technical assistance, certified laboratory testing, and waste co-processing services. Customer mix is dual-track: large anchor accounts in government infrastructure (roads, bridges, hydroelectric projects) and a long tail of masons, builders, engineers, and architects captured through two branded loyalty programs (CONSTRUCLUB BIJAO and Maestro Constructor). The company operates from approximately 135 employees across Honduras.

Name

Cementos del Norte S.A.

Legal name

Cementos del Norte S.A.

Website

https://cenosa.hn

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

101–250 employees

Short description

Cementos del Norte S.A. (CENOSA) is Honduras's largest cement manufacturer, producing Bijao-brand cement at a 2.3 million metric ton/year facility in Choloma for infrastructure, residential, and specialty construction markets across Honduras.

Ownership category

akta.pro rank

Product category

Cement Manufacturing

NAICS

Cement Manufacturing (327310)

SIC

Cement, Hydraulic (3241)

akta.pro primary industry

Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)

Keywords

• Cement manufacturing
• Portland cement
• Construction materials
• Building products
• Hydraulic cement

Headquarters

HQ city

Choloma, Cortes

HQ country

Honduras

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Cement Manufacturing and Sales: Core revenue stream from manufacturing and selling cement products under the Bijao brand. Products include Type GU, HE, LH, MH, Block (ASTM C-1157), Type I, II, V (ASTM C-150), and specialized cement formulations.
2. Cement Delivery and Logistics Services: Revenue generated from direct cement delivery services through the largest tanker fleet in Honduras, supplying over 1,000 metric tons of cement daily to customers nationwide.
3. Technical Assistance and Laboratory Services: Cement testing laboratory services including aggregate testing, specimen breaking, physical and chemical durability tests for concrete, and certified technical assistance during construction projects.
4. Waste Co-processing Services: Co-processing of waste-derived fuels (CDRs) providing alternative fuel substitution, contributing to environmental management services for special and hazardous waste.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Cementos del Norte S.A. (CENOSA) manufactures and sells cement products under the Bijao brand in Honduras through two production lines at its Choloma plant. The company produces multiple cement formulations meeting ASTM standards (C-150, C-1157, C-595, C-91), operates the largest cement tanker fleet in Honduras for direct delivery, and offers complementary technical laboratory and waste co-processing services.

Product overview

Cementos del Norte S.A. (CENOSA) is a cement manufacturing company producing a comprehensive portfolio under the Bijao brand. The company operates the most modern cement plant in Honduras with two production lines and a total installed capacity of 2.3 million metric tons annually. Product offerings include eight distinct cement types spanning ASTM C-1157 standards (Tipo GU, HE, LH, MH, Block) and ASTM C-150 standards (Tipo I, II, V), plus Cemento Bijao Plus. The company also operates two loyalty programs: CONSTRUCLUB BIJAO for engineers and architects, and Maestro Constructor for construction workers. CENOSA supplies cement for major infrastructure projects including hydroelectric plants, bridges, and highway construction throughout Honduras.

Differentiator

Problem solved

Functional benefit

Brands

• Cemento Bijao: Main cement brand under Cementos del Norte S.A., available in various types including GU, HE, LH, MH, Block, Type I, Type II, and Type V.

Products and services

• Cemento Tipo GU General use cement meeting ASTM C-1157 standards, suitable for general construction applications where standard performance is required. Sold to construction professionals, contractors, and infrastructure projects.
• Cemento Tipo HE High early strength cement meeting ASTM C-1157 standards for applications requiring rapid strength development. Targeted at construction projects needing quick turnaround times.
• Cemento Tipo LH Low heat of hydration cement meeting ASTM C-1157 standards, designed for massive concrete placements such as dams and large infrastructure foundations where thermal control is critical.
• Cemento Tipo MH Moderate heat of hydration cement meeting ASTM C-1157 standards, suitable for applications requiring moderate heat control during curing.
• Cemento Tipo Block Specialized cement formulation meeting ASTM C-1157 standards designed specifically for concrete block manufacturing operations.
• Cemento Tipo I General purpose cement meeting ASTM C-150 standard for normal construction applications without special performance requirements.
• Cemento Tipo II Portland cement meeting ASTM C-150 standard with moderate sulfate resistance, suitable for environments with moderate sulfate exposure such as drainage structures and foundations.
• Cemento Tipo V High sulfate resistance cement meeting ASTM C-150 standard designed for environments with high sulfate exposure, including marine structures and soils with sulfate-rich conditions.
• Cemento Bijao Plus Premium cement product under the Bijao brand, positioned as an enhanced version of standard cement with superior performance characteristics for demanding construction applications.
• Technical Laboratory and Quality Assistance Services Cement testing laboratory service offered to construction customers, including aggregate testing, specimen breaking, physical and chemical durability tests for concrete, and certified technical assistance during construction projects. Service provided in partnership with CETEC Guatemala for the Concrete Technology Center.
• Waste Co-processing Services (CDRs) Co-processing service for industrial and hazardous waste through the use of waste-derived fuels (CDRs) in cement kilns. Initiated in 2007 achieving 10% fuel substitution rate, providing environmentally responsible disposal for special and hazardous waste while reducing fossil fuel consumption.

Quantifiable outcome

• 1.7 million metric tons annual clinker production capacity
• +6 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered minor and core.

• CNG (Comisión Nacional para la Gestión Ambientalmente Racional de los Productos Químicos)minorStrategic or Co-development Partner · 1 January 2015CENOSA held the Presidency of the CNG for two consecutive periods (2015-2018), leading environmental management of chemical products in Honduras.
• Cementos Progreso (Guatemala)coreStrategic or Co-development PartnerStrategic alliance with Cementos Progreso of Guatemala forming a regional partnership that increases combined cement production capacity to over 5.3 million metric tons annually. This partnership provides expanded production capability and regional market presence.
• FICEM (Federación Interamericana del Cemento)minorStrategic or Co-development PartnerActive member of the FICEM Sustainability Committee. Participates in the Latin American sectoral table for CO2 reduction in cement. Presented at the XXVI FICEM Technical Congress 2019.
• SAG (Secretaría de Agricultura y Ganadería), Mi Ambiente, AHSAFEminorStrategic or Co-development PartnerExternal Leadership cooperation agreement with Honduras Ministry of Agriculture and Livestock, Environmental Ministry, and the Honduran Association of Agricultural Sanitation Industry to prevent contamination in crop fields through proper management of empty plastic agrochemical containers.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Cementos Progreso: Guatemalan cement producer and CENOSA's strategic alliance partner, with whom combined capacity exceeds 5.3 million metric tons annually. Most directly comparable peer given the formal partnership, identical cement product mix, and Central American regional footprint.

Broad incumbents

• Cemex: Mexican-headquartered global cement, ready-mix, and aggregates major with significant operations across Latin America, including Central America. Comparable on product mix and infrastructure customer base, but vastly larger scale and geographic reach than CENOSA.
• Holcim: Swiss-headquartered global cement and aggregates leader with established Latin American operations. Comparable as a broad-spectrum cement producer serving construction markets in emerging economies, though operating globally rather than Honduras-focused.
• GCC (Grupo Cementos de Chihuahua): Mexican cement, concrete, and aggregates producer with operations in the U.S. and Latin America. Comparable as a regional cement specialist serving infrastructure and construction markets across the Americas, though at substantially larger scale.
• Heidelberg Materials: German global cement and building materials major with operations across the Americas, Europe, and Asia. Comparable in cement manufacturing technology, infrastructure market exposure, and sustainability initiatives, though vastly larger and geographically diversified.
• Titan Cement International: International cement and building materials producer with Mediterranean and U.S. operations. Comparable on cement manufacturing capabilities and infrastructure market focus, though geographically distinct from Honduras.
• Cementos Argos: Colombian diversified building materials company with cement operations throughout Latin America and the U.S. Comparable on cement product mix and Latin American geographic exposure, though more diversified across concrete, aggregates, and real estate.
• Cementos Pacasmayo: Peruvian cement producer with diversified construction materials and quicklime operations. Comparable as a single-country-focused Latin American cement specialist serving construction and infrastructure markets, closely matching CENOSA's go-to-market model.
• Buzzi SpA: Italian-headquartered cement producer with European and U.S. operations. Comparable as a global cement manufacturing specialist focused on aggregates, ready-mix, and specialty products, though operating at significantly larger scale in different geographies.
• CRH plc: Irish-headquartered diversified building materials group with significant cement, aggregates, and concrete operations across the Americas. Comparable as a multi-product building materials player serving infrastructure and construction end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cementos-del-norte-s-a

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cementos del Norte S.A.