The business climate, smuggling and taxes have forced the tobacco company to close its operation in the country.
In a letter sent on March 5, to their suppliers, British American Tobacco announced the closure of its operations in El Salvador. The increase in smuggling and lack of competitiveness in terms of cost are some of the reasons for its departure.
It is located in the province of Heredia, and plans to expand its payroll to 200 employees. From there it manage the accounting and financial operations of all the countries of America, with the exception of U.S. and Brazil.
The Mexican matches factory entered the Panamanian market through an alliance with 2 local companies.
These are Café Durán (who uses the brand "El Gavilán") and Agencias Escoffery ("Candela"). These companies used to import matches from India, but now they acquire them from "La Central" in Mexico, reducing from 12 to 4 weeks delivery time, reported Salvador Luengas, company executive.
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