The commercial landscape of both Guatemala and Paraguay has been significantly shaped by a single entity – the Onyx Group. Steered by the entrepreneurial prowess of Mario López Estrada, the group has left an indelible mark on the business sectors of these countries. The scope of its influence spans from telecommunications to real estate, leaving a trail of transformative commercial endeavors in its wake.
The origins of Onyx Group trace back to 1967 with the establishment of Constructora Maya, a company that would lay down the foundation for this business conglomerate. Specializing in real estate, territorial development, and construction of notable structures in Guatemala, Constructora Maya was the first stepping stone towards a rich business legacy.
Onyx Group: A Diversified Portfolio Across Borders
The Onyx Group is a business conglomerate with deep roots in the real estate sector. Over time, it has diversified its portfolio into several key divisions, including real estate, energy, cellular maintenance, telecommunications, and digital solutions. What sets Onyx Group apart is its significant impact in both Guatemala and Paraguay, where it has made significant economic and social contributions.
The Real Estate Division strategically develops properties and real estate projects, while the Energy Division, under the banner of Horus Energy, leads in solar photovoltaic energy generation in Guatemala. The Cellular Maintenance Division provides services to the cellular communication network in Guatemala and the Telecommunications Division operates as one of the most robust distributors in the region. Finally, the Digital Services Division, with over a decade of experience, leads in providing digital solutions.
Transcending Borders: Onyx Group’s Impact in Guatemala and Paraguay
In Guatemala, Onyx Group has led the energy revolution with its solar energy projects Horus I and Horus II. These plants, with a combined capacity of 110 MW, generate over 200 gigawatt-hours of clean and renewable energy, powering thousands of Guatemalan households. On the real estate front, the Plaza Madero Atanasio, a commercial complex, stands as a testament to the urban and commercial development of the country.
In Paraguay, Onyx Group’s presence is symbolized by Blue Tower Ventures Paraguay S.A, which embodies the group’s commitment to innovative real estate development and energy sustainability. Paseo La Galería, a real estate megaproject and the largest commercial complex in Paraguay, reflects Onyx Group’s commitment to innovation and progress in the region.
Onyx Group’s impact goes beyond economic contributions. In collaboration with the Mario López Estrada Foundation, it has shown a strong commitment to social responsibility, contributing to educational, health, and community empowerment initiatives. This commitment is reflected in every project it undertakes, aiming not only to generate economic impact but also to improve people’s quality of life and promote social equity.
The transformative role of Onyx Group in these economies is undeniable. Its diversified portfolio, spanning across various sectors and borders, is a testament to its robust business strategy. However, it is their commitment to social responsibility that truly sets them apart. Balancing economic progress with social equity, Onyx Group stands as a beacon for businesses in Guatemala, Paraguay and beyond.