Car Factory Closes in Costa Rica
Continental AG canceled the start of operations of the auto parts factory for Chrysler built in 2008 with $62 million.
Wednesday, May 6, 2009
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.
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.
Noting high production costs, Incesa has announced the closure in Costa Rica of its sanitary ware manufacturing plant, and its installation in Guatemala and Nicaragua.
In order to improve their competitiveness in the manufacturer of uniforms and baseballs Rawlings Costa Rica will move its uniform line to El Salvador, laying off 200 workers.
The closure of Maderin Eco, a subsidiary of the multinational pencil manufacturer, has been attributed to the continued and increasing difficulties in competitive wood supply.
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