Arnecom Closes Auto Plant in El Salvador

Pointing to the global crisis in the automobile sector as the main reason, the company closed its plant in Santa Ana.

Wednesday, March 18, 2009


The facility, which employed 650 people, was devoted to assembling the electrical wiring system in vehicles.

Since its installation in the country, Arnecom had been planning to invest $15 million and create more than 3,000 jobs.

In an article in La Prensa Gráfica, Marco Arrollo, deputy director of the Agency for Investment Promotion in El Salvador said that it is likely that other companies will take similar actions: "So far, we have no data on investment having stopped, but it is possible that it will happen. It’s not that investment has stopped only in El Salvador but all over the world."

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Nicaragua: Increased Investment in Automotive Sector

August 2011

At the Investment Forum "Grow Together", the automobile company Arnecorn announced the transfer of its a warehouse in Monterrey to Leon in Nicaragua.

Jose Saldivar Gonzales, operations manager at Arnecom, said the transfer decision was based on the prevailing good investment climate in Nicaragua.

Car Factory Closes in Costa Rica

May 2009

Continental AG canceled the start of operations of the auto parts factory for Chrysler built in 2008 with $62 million.

The United States automotive crisis and the consequent decline in demand for high-tech devices that the plant would have made forced Continental AG to close the factory that had not yet begun operations.

Continental spurs hopes for Costa Rican auto industry

April 2008

A decision by Germany's Continental AG to invest in Costa Rica rather than Mexico shows that Costa Rica has got what it takes to become a regional leader of the auto industry, senior officials said.

Continental is investing US$61.5 million in a plant to make electronic components for car transmissions that will employ 600 workers in Costa Rica. Earlier it had considered locating the plant in Mexico.

Philip Morris Closes Plant in Guatemala

October 2012

Arguing that smuggled cigarettes account for up to 60% of consumption in Central America and because of excessive export regulations, the tobacco company has ceased its operations after 50 years of being in the country.

Tabacalera Centroamericana S.A. (Tacasa) closed its plant in Boca del Monte, where for 50 years it has produced cigarette brands like Marlboro Rubios y L&M.

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