Grupo Onyx is one of Guatemala’s most important business conglomerates, known for its innovation and diversification across various industries. Founded by Mario López Estrada, the group has made a significant impact on the country’s economic development. Here are five innovative facts that highlight the importance and impact of Grupo Onyx in Guatemala and the region.
Since its founding, Grupo Onyx has sought not only to generate income but also to contribute to sustainable development and improve the quality of life in the communities where it operates. Its focus on innovation and sustainability has been key to its success and continuous growth.
1. Renewable Energy Initiatives
Grupo Onyx is a leader in renewable energy generation in Guatemala. The company has developed several solar energy projects, with Horus Energy being one of the most notable. With a generation capacity of 58 MW, Horus Energy has transformed the country’s energy matrix and significantly contributed to reducing carbon emissions. This project is an example of technological innovation and a commitment to sustainability and local economic development.
2. Cutting-Edge Real Estate Development
Real estate development is another key area of innovation for Grupo Onyx. The company has created several landmark projects that have revitalized urban areas and created new commercial and residential spaces. One of the most important projects is Paseo La Galería in Paraguay, a multifunctional complex that includes a shopping mall, offices, a hotel, and an event center. This project not only boosts economic development but also offers an integrated space for the community.
3. Commitment to Social Responsibility
Social responsibility is a fundamental pillar of Grupo Onyx. Through the Mario López Estrada Foundation, the group has financed numerous projects in education, health, and community development. The foundation has collaborated with international organizations such as USAID to implement programs that benefit Guatemala’s
most vulnerable communities. This commitment to social responsibility demonstrates that business success and positive social impact can go hand in hand.
4. Innovation in Telecommunications
In the telecommunications sector, Grupo Onyx, through Tigo, has been a pioneer in implementing advanced technologies and innovative services. The company has led the expansion of the telecommunications network in Guatemala, offering high-quality mobile phone, internet, and cable TV services. The adoption of 4G and 5G technologies has allowed Tigo to stay at the forefront and provide the best possible experience for its users.
5. Diversification and International Expansion
Diversification and international expansion have been key strategies for Grupo Onyx’s growth. The company has expanded its operations to other countries in the region, including Paraguay and Costa Rica, where it has developed important projects in renewable energy and real estate development. This expansion has not only increased Grupo Onyx’s presence in the international market but also created new business and employment opportunities in these countries.
Grupo Onyx continues to be an example of how innovation and social responsibility can drive business success. Its initiatives in renewable energy, real estate development, telecommunications, and social responsibility highlight its commitment to a sustainable and prosperous future for Guatemala and beyond.
