Orient International plans to set up a distribution center in the Colon Free Zone, in which plants, generators and other electrical equipment will be assembled.
In a statement issued by the Colon Free Zone (ZLC by its initials in Spanish), Zhang Shijun, Managing Director of Shangatex Latin America, explained that the following months are key for a human team from the company Orient International (Holding) Co., Ltd.
In Guatemala, reform of the Free Zones Law has been in place for two years, and as a result, several companies have withdrawn, while others are still waiting for the tax benefits to be restored before making any more investments.
Some companies are keeping their investments on hold, because the tax benefits applied to activities that take place in free zones were eliminated withDecree 19-2016.One such case is that of electric vehicle importer Electricmóvil. This companyis waiting for Congress to reform the Law and restore the benefits, before expanding its operations under this regime.
The Ecuadorian firm Carrocerías Imce is once again considering investing in an assembly plant for bus chasis near Puerto Cortés.
The company Carrocerías Imce has not yet determined the amount of the potential investment, but confirmed they would need a plot of land measuring 4,000 square meters in order to install an assembly plant near the port which gives them maritime transport facilities.
Executives at Varma Carrocerías are analyzing the feasibility of operating an automotive assembly plant in the south of the country.
The company has agreements with Mercedes Benz, Hino, International and Volkswagen for assembling those brands of cars.
An article on Latribuna.hn reports that "... Branches in Valle and Choluteca attracted representatives from companies specializing in car body assembly and steel working."
The Guatemalan government has announced that the bus manufacturer HIGER is studying the feasibility of installing an assembly plant for light vehicles in the country.
The interest of the Asian company was revealed in the context of a tour in Guatemala by business representatives from the company who came to explore investment opportunities.
"Entrepreneurs 'have ratified their interest in investing in Guatemala, generating more formal jobs.
The microprocessor manufacturer's potential exit from the country opens the analysis of the impact this could have on the Costa Rican economy.
Several media outlets in Costa Rica reported on friday their versions of Intel's abandonment at least in terms of its manufacturing operations. According to reports by Crhoy.com, the reasons for the chipmaker's potential closure of operations, are likely to be related to an ongoing restructuring business strategy at the global level, and also some uncertainty about the fiscal policy in Costa Rica.
Sensity Systems, an innovator in intelligent lighting systems, has announced a $490 million investment for the assembly of its products in that country, without disclosing the funding sources.
In the statement by the Agency for the Promotion of Exports and Investments of El Salvador (PROESA) no reference was made to funding sources. Nor is there much public information about Sensity Systems (except in their own press releases).
South Korean investors have made a proposal to President Perez Molina to set up a plant for assembling Kia, Daewoo and Hyundai autos, with an investment of $600 million.
The operation of a Korean auto plant could generate 20,000 direct and 30,000 indirect jobs and the investment would aim to fill market needs in Central America and southern Mexico.
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