The multinational Hospira will be gradually closing manufacturing operations for infusion equipment in the Dominican Republic in order to transfer to facilities operating in Costa Rica.
The company told Nacion.com that"... after careful analysis of product volume and global manufacturing capabilities, we made the difficult decision to discontinue manufacturing operations in the Dominican Republic and transfer most of the installed plant operations to Costa Rica".
Mining, manufacturing and food companies project closing contracts with Central American companies worth at least $14 million this year.
"...Establishing contracts for commercial transactions worth between $13 and $14 million over the next 12 months, in the three Central American countries that they visited, is the goal of the Peruvian Trade Industry Mission," saidElmer Lava, from the Commission for the Promotion of Peru for Exports and Tourism (PromPeru).
In 2016 the export value of goods and services declined by 8% compared to the previous year, mainly affected by a 14% drop in manufacturing sales.
The value of goods exported fell by 8.1% in 2016 (-9.3% in 2015), affected by a less favorable international environment.However and in terms of dynamics, a smaller reduction was observed in export values in the second half (-2.7% yoy), with respect to that recorded in the first half of the year (-12.4% yoy).This reduction, coupled with the performance of imports, led to the trade deficit increasing by 7.1% in 2016 (8.3% in 2015).
In a timeframe of three years GlaxoSmithKline will be moving its manufacturing operation in Costa Rica to other plants in Latin America.
The manufacturer of medicines and medical supplies announced that the decision"... was made after reviewing its global manufacturing network and identifying available production capacity in other plants in Latin America. "The process of closing the manufacturing plant will be completed in 2019.
The U.S firm Communications System has announced the closure of its plant manufacturing Suttle telecommunications equipment in Alajuela, so as to move the operation to Minnesota.
The company has operated the plant manufacturing traditional telephony and telecommunications since 1989.The decision to close the operation, for which it employed 113 people, is due to a reduction in the revenues from the line produced in the country.
A strategy focused on increasing competitiveness by reducing production costs and facilitating the creation of added value is what industrial enterprises have asked for.
Improving training in the use of new tools and technology and giving more value to final production are two of the main challenges faced by companies in the industrial sector.The union that brings them together is aware that the potential of the country in this sector can not be maximized if aspects affecting global competitiveness are not improved.
Although clothing and car wiring harnesses continue to lead, the number of types of goods exported under the free zone regime has gone from ten in 2008 to 20 today.
Production and export of clothing and wiring harnesses are still the main goods produced and exported under free trade zone conditions, but now others have been added such as as cigars, edible oil, fruits, leather shoes, paper, cardboard, and manufactured leather covers for furniture.
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...
Maranco Belize offer fast reliable service, modern equipment, competitive rates, 70 year experience worldwide whether your needs are for farming, industrial, private house lots, community projects. We have drilled successful water wells producing fresh...
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