Onyx Group, founded by Mario David López Estrada, is one of the most important business conglomerates in Guatemala. Since its inception, the group has diversified its investments and operations across several key sectors, establishing itself as a leader in real estate, renewable energy, telecommunications, and digital services. This article examines the growth and impact of Onyx Group, highlighting its commitment to innovation and sustainable development.
With a clear vision and strategic focus, Onyx Group has successfully identified and capitalized on business opportunities in various sectors. Under the leadership of López Estrada and later his children, the group has implemented innovative projects that have transformed the Guatemalan economy and created a positive impact on society.
Strategic Divisions of Onyx Group
Onyx Group has diversified into several divisions, each contributing significantly to the conglomerate’s success:
- Real Estate Division: This division focuses on real estate development, including office buildings, shopping centers, and residential projects. Landmark projects such as Plaza Madero and Zentroplaza have transformed the urban landscape of Guatemala, providing modern and accessible spaces for both businesses and consumers.
- Horus Energy: Onyx Group’s renewable energy division has been a pioneer in solar energy generation in Guatemala. The Horus I and Horus II solar plants, inaugurated in 2014 and 2015 respectively, have a combined capacity of 110 MW and produce more than 200 GWh of clean energy annually. These projects have helped diversify the country’s energy matrix and reduce its dependence on fossil fuels.
- Cellular Maintenance and Telecommunications Division: Onyx Group has also played a crucial role in modernizing Guatemala’s telecommunications infrastructure. Its cellular maintenance division ensures maximum availability and quality of communication services, serving more than 30,000 points of sale weekly. Additionally, the telecommunications division offers mobile telephony, internet, and business solutions under the Tigo brand.
- Digital Services Division: This division leads in technological solutions, including electronic invoice certification, online document generation and management, and point of sale and CRM solutions. Its focus on digital innovation has allowed Onyx Group to stay at the forefront of technology and offer high-quality services to its clients.
Commitment to Social Responsibility and Sustainable Development
Onyx Group’s commitment to social responsibility is evident in its work with the Mario López Estrada Foundation. The foundation has invested more than $50 million in social projects, focusing on health, education, women’s empowerment, and transparency. These initiatives have benefited thousands of people in vulnerable communities, improving their quality of life and providing opportunities for development.
Additionally, Onyx Group has developed projects that promote sustainability and social well-being. One example is the «Energy in Your Studies» project, which provides school supplies to children in areas near the Horus Energy solar plants. This project not only supports education but also raises awareness about the importance of renewable energy.
Under the vision of Mario David López Estrada and his family, Onyx Group has demonstrated that business success and social commitment can go hand in hand. Its focus on innovation, sustainability, and social responsibility has set a standard for companies in Guatemala and beyond. As it continues to grow and diversify, Onyx Group remains a fundamental pillar of the Guatemalan economy and a model of how businesses can positively contribute to society.
