Hormetal Enters Paraguay with a $20 Million Investment and a Vision to Transform Industrial Construction

With a manufacturing facility in Ñemby and corporate offices at the Asunción World Trade Center, the company is leveraging innovation, a turnkey delivery model, and the creation of over 300 jobs to solidify its footprint in the country.

April 4, 2025

Paraguay has emerged as a premier destination for expanding industrial and logistics firms. In this context, Hormetal, a company specializing in steel structures and industrial flooring, has announced its market entry with an estimated investment of $20 million. “Paraguay was chosen as our next expansion target due to its economic stability and the sustained growth within its industrial and logistics sectors,” explained Pablo Ostapovich, Founder of Grupo Govan.

The company is already operational, with an industrial plant in Ñemby and corporate offices at the Asunción World Trade Center. Additionally, it has begun exporting full-web steel structures to Uruguay.

A Strategy Rooted in Differentiation

Hormetal arrives in Paraguay aiming to secure a leadership position in a rapidly growing market. “Our primary challenges include adapting to local regulations, understanding the unique nuances of the Paraguayan market, and building strong relationships with local suppliers and clients,” Ostapovich noted. However, the firm’s extensive experience in Argentina and Uruguay provides a solid foundation to overcome these hurdles.

A cornerstone of the company’s success is its turnkey (design-build) model, which integrates everything from initial planning to final delivery. This approach ensures maximum efficiency, high quality, and strict adherence to project timelines.

Construction Technology and Innovation

Innovation is a central pillar of the company’s expansion strategy. In its move into Paraguay, Hormetal is implementing advanced technologies to optimize construction processes.

“Our laser screed technology allows us to produce industrial floors with the highest standards of flatness and levelness, completing up to 10,000 square feet per day with millimeter precision,” the Founder explained. Furthermore, the company designs and builds steel structures optimized for high-performance operations, storage, and logistics efficiency.

Economic Impact and Industrial Development

Hormetal’s arrival is set to have a significant impact on the local economy. The new industrial plant will create over 300 jobs, boosting the national industry and strengthening the local supplier network.

Local production capacity will offer Paraguayan companies access to highly efficient construction solutions, optimizing costs and timelines by eliminating the need for imports. “With our expertise, innovation, and commitment, Hormetal Paraguay will drive the sector’s growth,” he stated.

The Power of an Established Group

Hormetal is a member of Grupo Govan, a conglomerate with over 40 years of experience in providing end-to-end solutions for the construction and industrial sectors. This synergy provides the financial and operational backing necessary to scale its Paraguayan operations.

“Being part of Grupo Govan allows us to guarantee exceptional results and continue innovating in every project we undertake,” Ostapovich concluded.

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