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.
The "First Tobacco Festival 2009, Flavor and Aroma of Nicaragua", will take place on the first week of December.
The objective of the festival is to promote the country's tobacco industry both domestically and internationally.
Néstor Plasencia, president of the Nicaraguan Cigar Association, told Elnuevodiario.com.ni: " ... this activity will display the production process, the high levels of competitiveness of our human resources, and the premium quality of all the raw materials involved in our cigar production".
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786