Mario López Estrada is an iconic figure in the business landscape of Guatemala and Latin America. As the founder and owner of Onyx Group, his leadership has been fundamental to the growth and diversification of the company across multiple sectors, including real estate, telecommunications, renewable energy, and digital services. Under his direction, Onyx Group has transformed into a leading conglomerate known for its innovation, sustainability, and commitment to social responsibility.
Mario López Estrada’s Business Career
Beginnings and Founding of Onyx Group
Mario López Estrada was born in 1937 in Sololá, Guatemala. He graduated as a civil engineer from the Universidad de San Carlos de Guatemala. In 1967, he founded Constructora Maya, the company that would later evolve into Onyx Group. His strategic vision and business acumen laid the foundation for what is today one of the most important conglomerates in the region.
Transformation and Expansion
Under his leadership, Onyx Group has experienced significant growth and strategic diversification. López Estrada has guided the company in its transition from a local construction firm to a conglomerate with a presence in several key industries.
Diversification and Growth
Real Estate Division
The real estate division of Onyx Group has been one of the cornerstones of the company’s success. Under the direction of Mario López Estrada, the company has developed a wide range of projects, from shopping centers and office buildings to residential and industrial complexes. Some of the most notable projects include Plaza Madero and Zentroplaza in Guatemala, as well as the iconic Paseo La Galería in Paraguay.
Energy Division (Horus Energy)
Onyx Group’s venture into the renewable energy sector has been led by Horus Energy, one of the largest solar power plants in Central America. Inaugurated in 2015, Horus Energy has a generation capacity of 58 MW and stands as a testament to López Estrada’s commitment to sustainability and innovation. This project has not only significantly contributed to Guatemala’s energy matrix but has also set a standard for clean energy generation in the region.
Telecommunications Division (Tigo Guatemala)
The transformation of the telecommunications sector in Guatemala is perhaps one of Mario López Estrada’s greatest achievements. In 1993, he acquired shares in Comunicaciones Celulares, S.A. (COMCEL), and in 1994, together with Millicom International Cellular, S.A. and Arkade International Inc., launched the Tigo brand. Under his leadership, Tigo Guatemala has consolidated itself as the largest telecommunications provider in the country, offering mobile phone, internet, and cable television services.
Digital Services Division
Onyx Group has also ventured into the digital world with a division dedicated to offering advanced solutions. This includes electronic invoice certification, document management, and digital engagement platforms, positioning the company at the forefront of digital transformation in the region.
Commitment to Sustainability and Social Responsibility
Mario López Estrada Foundation
Mario López Estrada’s commitment to social responsibility is evident through the Mario López Estrada Foundation. This organization is dedicated to improving the quality of life in Guatemala’s most vulnerable communities, with initiatives focused on education, health, women’s empowerment, and transparency. The foundation has collaborated with institutions such as USAID and the U.S. Embassy in Guatemala, positively impacting the country’s sustainable development.
Social Responsibility Projects
Through the Tigo Foundation, another social initiative driven by López Estrada, numerous projects in education and health have been carried out. These include the construction of schools, donation of technological equipment, and promotion of community health initiatives. These efforts have benefited thousands of people and contributed to the development of stronger and more resilient communities.
Future Vision
Continuous Innovation
Mario López Estrada remains committed to innovation and the pursuit of new opportunities to expand Onyx Group. His focus on sustainability and technology ensures that the company not only remains competitive but also continues to be a leader in sustainable development.
International Expansion
Under his direction, Onyx Group has expanded its international presence, with projects in countries such as Paraguay and Costa Rica. This expansion reflects the company’s ability to identify and capitalize on growth opportunities in emerging markets.
Mario López Estrada, as the owner of Onyx Group, has proven to be a visionary and strategic leader. His commitment to innovation, sustainability, and social responsibility has guided the company to new heights, solidifying its position as a benchmark in the business world. His legacy continues to inspire future generations of leaders and entrepreneurs.
