El Salvador: $ 30 Million in Investment for 2011

The Investment Promotion Agency announced for early next year the arrival of a textile and plastic companies.

Friday, December 10, 2010

Without going into details, Mariano Olazabal, director of Proesa, said the textile company would invest about $ 12 million and the plastic company would make an investment of about $ 25 million.

"Those are the two most important investments expected in the coming months, although there are also expansions expected in some of the companies already operating in the country," writes Laprensagrafica.com.

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Growth in Plastics El Salvador

January 2013

Between 2009 and 2012 exports of Salvadoran plastic products grew by 60%, reaching $105 million, with the main buyer being Guatemala.

The plastics industry of El Salvador increased its foreign sales by 60% between 2009 and 2012. According to data of the Central Reserve Bank of El Salvador, in 2012 alone, over $81 million worth was sold to Guatemala.

Textile Company Invests $23 Million in El Salvador

February 2010

A textile company will start operating from the country on March.

This was announced by Enrique Córdova, director of Proesa, the investment promotion agency of El Salvador.

"Córdova affirmed they are holding talks with other investors, and expect to land $150 million in foreign direct investment in 2010", reported Laprensagrafica.com.

Hanesbrands Invests $200 Million in El Salvador

March 2009

With the opening of its sixth garment production plant, the company has made a total investment of $200 million since its arrival in the country in 1992.

Keny López wrote in LaPrensagrafica.com: "'This new Hanesbrands project called 'El Salvador Socks' entails the creation of 500 jobs which would double within a period of 12 months when the plant is operating at full capacity,' said Ron Gburek, vice president of weaving for Hanesbrands Inc. 'Production in El Salvador will go to retail stores across the United States. The plan is not to supply the Central American market, but we would eventually earmark a portion of production to this market' explained Gburek.”

Costa Rica: Failure of Last CAFTA Law Blocks Textile Investment

September 2008

Textile companies had invested millions of dollars in creating new plants here in the hope of exporting clothing tariff-free into the Unites States.

That was before the Supreme Court’s Constitutional Chamber (Sala IV) decided that the lawmakers had missed a step in procedure and sent back the environmental law that had been passed only weeks before.

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