Nicaragua: $15 million for Production of Ornamental Plants

The factory will be built in Estelí, where other relevant investments are being made.

Wednesday, August 3, 2011

Estelí province is becoming increasing appealing to investors who are opting to establish factories and free zones there.

One example is the investment of $15 million to be made by a group of U.S. investors in a free zone for the production of ornamental plants.

An article in Laprensa.com.ni notes: "The free zone will be installed with the latest technology in the town of Esteli, in the coming months it will generate about 500 direct jobs and 900 during peak season, mainly in agricultural work.

The market for this product, which has been cultivated for more than three decades in 20 countries, is already established, informed investors, who added that they have $15 million to start farming in Estelí, where they hope to export 60 million cuttings annually, generating foreign currency in the order of $6 million.

Testing begins in March 2012 and then the first exports will be shipped in December of that year, said Mario Pichardo, operations manager of Las Limas ".

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Nicaragua Begins Export of Ornamental Plants

January 2013

With an investment of $8 million the U.S. company Ball Flora Plant has started exports of cuttings from its production plant in Las Limas, in Estelí.

Mario Pichardo, managing director of the company, said, "This is the company’s most ambitious project. Nowadays it is believed that Las Limas is the most modern production center in the world in the production industry of ornamental plant cuttings."

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In the Estelí area, the U.S. company Ball Horticultural Company, has initiated development of a project called 'Las Limas'.

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The company is continuing with its expansion plans and hopes in the next few years to augment its production area from 20 to 40 hectares and increase its annual export to 200 million cuttings, said the company's general manager, Simon Schulz.

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