Between January and May, recycled plastic exports generated revenues of $2.2 million.
Jalil de Leon, executive director of the union of plastics companies attached to the Chamber of Industry of Guatemala (CIG), said that the domestic industry is also taking advantage of this market, a sector which reported growth of 12% in terms of the volume of what is recycled and transformed. "Because of the interest shown in the industry, new businesses have also opened up in order to engage in the activity. We can say that so far this year, 5% more companies have been reported," he added.
In January 2009, capital goods imports decreased by 29.3% over the same period the previous year.
During the first month of 2009, there were $ 43.8 million in capital goods imports registered, while there were $203.5 million imported during the same month last year.
An article in Sigloxxi.com detailed the situation: "Just in the import of machinery and industry equipment, telecommunications and construction, the decline was 29%; for transportation it was 33.2% and 13.9% for agriculture, according to Banguat."