Proluxsa invests in expanding plant in Panama

Productos Lux, S.A. (Proluxsa) reported that it will carry out an expansion of its factory with an investment worth $700 million.

Monday, August 25, 2008

Proluxsa exports for the first semester of this year have grown 18% compared to the same period in 2007. And even though foreign sales represent 20% of the total, Rosmer Jurado, company manager for trade, pointed out that there are products for which the percent of foreign sales are higher than those for the local market.

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Guatemalan Tobacco After Closure of Tacasa

November 2012

Tobacco leaf producers will still export to Europe and America, while the industry will decline at the same pace as the contraction of the domestic market. reports on Deloitte's study presented by British American Tobacco (BAT), which notes that "in 2011 there were 15.7 million kilos of tobacco leaf for export, which generated $52.8 million in foreign exchange according to statistics from the Bank of Guatemala (Banguat). This represents an increase of 79 percent in foreign exchange earnings from the year 2007, even though production declined in Guatemala .... there are 1.400 tobacco leaf producers who are located in Escuintla, San Marcos, Jutiapa Zacapa and who economically impact more than 165 thousand people (direct and indirect employment). "

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