The Taiwanese factory, which will open in Granada between June and July, required an investment of $2 million.
Tuesday, April 21, 2009
The industrial boot production plant belonging to the Taiwanese Aleo Trade Company will start operations by employing over 200 people, and it is estimated to produce 600 thousand pairs per year.
The Elnuevodiario.com.ni website published: "In addition to renting the premises [for the factory], Amaral Consulting Group, is exploring the possibility of partnering with the Pfcresin company and investing $1 million to install a finished leather plant in Grenada for local consumption and for export to Chile, Venezuela and Cuba."
On these potential investments, Alfredo Marín, CEO of Amaral Consulting Group Inc., told the newspaper: "If we integrate everything, the slaughterhouse, the tannery, the boot factory and the finishing plant, it would result in what Americans call a cluster, which is a group of industries that help each other. It is not the same to bring hides from Taiwan as it is to bring them from about ten meters away, where we would have the tannery."
The purchase agreement for 100,000 square feet of leather between Guatemalan and Nicaraguan companies reflects the growth in demand for this product in Guatemala.
The tannery La Fuente, located in Granada, Nicaragua, reported that it has finalized a contract with a Guatemalan company to provide 100,000 square feet of leather and added that they have asked to have a local distributor in order to access the product more directly.
A group of 45 Colombian companies will visit Costa Rica and Guatemala to hold business meetings with entrepreneurs in these sectors.
Business meetings will be held on March 24th when the trade mission will be in San Jose, Costa Rica, and on March 25th it will move on to Guatemala City.
NanYang Footwear is to invest $3 million in the country to produce footwear and export it to other markets.
From a press release from the Presidency of El Salvador:
The Taiwanese company engaged in the manufacture of footwear NanYang Footwear, in a clear commitment to El Salvador, started operations in the country by establishing and expand its subsidiary in the country under the name of ADI FOOTWEAR SA de CV, with an initial investment of $1.5 million, plus plans to invest an additional $1.5 million and carry out an expansion which will generate more than 1,000 new jobs over the next year.
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6931Government Procurement Opportunities in the region