Engineering and financing aspects for the work have already been approved, with only authorization from the National Assembly still pending before construction work can start, which is estimated will take about 2 years. is expected that discussion of the project will start this week, followed by the approval [process.
The cement company has announced it will be investing $35 million over three years to increase the production capacity by 25% at the plant it operates in Costa Rica, near the border with Nicaragua.
From a statement issued by CEMEX:
MONTERREY, MEXICO - CEMEX, SAB de CV ("CEMEX") (BMV: CEMEXCPO) announced today that its subsidiary CEMEX Latam Holdings, SA ("CLH") (BVC: CLH) initiated a project to increase cementproduction capacity of its plant in Colorado, Costa Rica, by approximately 25% in order to reach an annual capacity of 1.1 million tonnes in 2017.
Two Costa Rican bookstores are preparing for new openings in 2015 in the country and expansion into El Salvador, Honduras and Nicaragua.
With a format combining a bookstore and gift shop, music and videos, Librería Internacional and Lehman are looking to expand both in the Costa Rican market and regionally. In line with this strategy, Librería Internacional this year opened two new stores in San Salvador, while in Costa Rica two new branches were opened.
The concessionaire of the airport in Panama City is preparing a fundraising program to finance part of the expansion of the terminal, the total cost of which now stands at $850 million.
Initially the total cost of the project was $789 million, but due to the fact that the cost now amounts to $850 million, Tocumen, SA "... is structuring and designing its economic capacity, financial operation and fund raising program to cope with the expansion of the airport."
With the operation of four new substations it is expected that by January 2015 the electricity service will cover 90% of the country.
From a statement issued by the Government of Guatemala:
President Otto Perez Molina has ratified his support for investors in order to achieve the goal of full coverage of electricity services nationwide. On a working visit to the town of San Agustin, in the Department of El Progreso on Friday, the president led the opening ceremony of four substations in the Expansion Plan of the Transmission System Energy (PET).
Owners of VivaColombia and the mexican VivaAerobus have announced the opening of a holding company in Panama to start operations in Central and South America.
From a statement issued by Irelandia Aviation and Grupo IAMSA:
Irelandia Aviation and Grupo IAMSA, owners of the Mexican low-cost airline VivaAerobus and of the Colombian airline, VivaColombia, announced their intention to expand the Viva airline brand in Central and South America.
The Ministry of Finance has announced that the aircraft maintenance firm Aeroman will be expanding its operations in the country, including investment in expansion of its installations.
According to comments made by Minister Tharsis Salomon Lopez in a meeting with journalists, they are in the final phase of negotiations with the firm Aeromanaircraft maintenance, which will be expanding its operations in El Salvador, where it has operated for more than five years.
The Costa Rican dairy cooperative Dos Pinos has opened in San Carlos a drying plant to make milk powder with capacity to process up to 40,000 liters per hour.
Elfinancierocr.com reports that "the new building, with an area of 4,800 square meters of construction, forms an integral part of the distribution center built on the same property with a value of $5.2 million."
The Dos Pinos Costa Rican dairy cooperative is negotiating the purchase of a plant in Nicaragua and is working on setting up another one in the Dominican Republic.
In an interview Nacion.com by Marvin Barquero with Rodolfo Barrantes, president of Dos Pinos, the official confirmed that the regional expansion strategy of the company is still moving forward. "We're involved in two or three important businesses outside, expanding our business. We just bought Nevada in Panama. In Nicaragua we are closing a deal, it is a purchase, and is very close to being realized".
Using standardized issuances, the Costa Rican entity intends to raise funds in the financial markets of Nicaragua, El Salvador and Mexico.
The idea "... is to raise funds by issuing securities on the stock exchanges of these countries with the aim being that investors can obtain the funds and channel them into placing loans here," noted an article in Prensalibrecr.com.
Latin America's first multinational integrated infocommunication services provider has invested $2.2 million in the development of its corporate presence in the Colombian market. The amount invested will increase to $5.2 million in...
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