Honduras: Tobacco industry reeling from costs

The tobacco industry operating in eastern zone is analyzing the possibility of transferring their operations to Nicaragua or the Dominican Republic due to the increase in costs.

Monday, January 26, 2009

Latribuna.hn reports: "Nestor Plasencia, tobacco businessman, said that in Nicaragua and even in the Dominican Republic, tobacco companies have lower operating costs than those they face in Honduras.

Pasencia reported that they are seeking a meeting with the President of the Republic to personally explain to him the severity of the situation that the tobacco industry is facing and what this means for the eastern zone of Honduras.

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