# Argos announces $23 million investment in Honduras projects

Argos announced a $23 million investment over two years to expand production capacity at its Piedras Azules plant in Comayagua, expand its solar farm, and install a new solar farm in Río Blanquito, Honduras. The projects will generate over 500 direct jobs during construction.

- Type: Investment
- Announced: 2021-12-21
- Where: Comayagua; Río Blanquito, Choloma, Honduras
- Value: $23.0M
- Jobs: 500
- Status: announced
- Capacity: 35% increase in annual cement production at Piedras Azules
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Argos](https://endata.com/companies/47987.md)
- [Military Welfare Institute](https://endata.com/companies/59859.md) (partner)

## Sources

- [argos.co](https://argos.co/argos-announces-a-23-million-investment-in-strategic-projects-to-contribute-to-honduras-economic-reactivation/), 2021-12-21: "This investment is a vote of confidence of Argos in Honduras and represents our commitment to the country’s economic reactivation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.