The country which used to stand out in the region because of its good relative level of economic, social and educational development, is accelerating its march downhill in terms of productive competitiveness, income distribution and training.
Noting high production costs, Incesa has announced the closure in Costa Rica of its sanitary ware manufacturing plant, and its installation in Guatemala and Nicaragua.
Incesa Standard, a subsidiary of the Colombian company Corona, will start closure of operations gradually over the first six months of the year. The company argues that in the production process costs for labor and energy are very high, preventing the continued operation of the plant in the country.
The restaurant chain Bagelmen's has closed seven stores which had been operating in the country for fourteen years, in addition to the recent closure of Wendy's, which closed its doors in early January.
Bagelmen's is the second large fast food chain which has closed its operations in the country this year. The closure of seven premises located in San Pedro, Lindora, Rohrmoser, Sabanilla, Heredia, Escazú and Guinoes, was announced by the owners of the company on January 24, without providing further details.
An unfavorable business environment has forced the retailer Max, a subsidiary of the Guatemalan Distelsa Group, to close six stores after ten years of operation in the country.
Difficulties in achieving sales targets proposed by the company and unfavorable investment conditions in the country are part of the reasons that led the company to close its Max stores in El Salvador.
Campos de Pesé has indefinitely suspended the production and marketing of ethanol because the price set by the government for the biofuel does not even cover the cost of acquiring sugar cane.
The 40% decrease in the ethanolprice established by the government last August affected the cost structure of the company, which in a statement sent to the media said that the decision taken by the government "... changes the rules of the Game and violates legal certainty. "
A company producing polyethylene products has closed part of its operation in Costa Rica due to the high cost of production in the country and transferred its factory which is now operating in Nicaragua.
The high costs that firms have to incur to produce competitively in the country is the main reason behind the partial closure of the Yanber company's operations in Costa Rica and its transfer to Nicaragua.
The company has announced the phased closure of the operation in the country and the laying off of 1,500 workers over a period of 9-12 months.
In addition to the service center specializing in finance and technology in Costa Rica, the U.S. bank will also cease operations in the Philippines and Mexico, as part of an overall process of re structuring of the company.
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.
Social conflict, the political environment and a feeling of insecurity have lead to fewer companies registering while a growing number of established companies disappear.
An article in Prensalibre.com reports that "During the first 20 months of the current administration 8,134 companies have ceased operations, which means that 406 closed per month, and 13 closed per day, according to Companies Registry," while "in the same period, but under the government of Alvaro Colom, the number of companies cancelling registrations was 5,236, about nine a day."
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