With an investment of $30 million, the company founded on Guatemalan and Nicaraguan capital, SteelMax, has started operating a plant producing steel derivatives on the Tipitapa-Masaya road.
The investment was made jointly by the Guatemalan company Multigroup de Guatemala and companies founded with Nicaraguan capital, and the 20,000 square meter production plant is part of an industrial complex being built in the area known as Parque 360.The aim is to create a manufacturing and distribution "pole".
Driven by lower oil prices and uncertainty which has reigned in the country in recent months, prices of steel products for construction recorded declines of between 15% and 30%.
The construction sector attributed the decline mainly to the drop in oil prices, to which the behavior of global steel is closely related. On top of this is the negative effect of the political crisis in the country which although did not stop the advance of the economy, generated uncertainty about the speed with which the problem would be solved in the future.
The Peruvian exporters union has estimated at $985 million the untapped trade potential between the two countries , mainly in the chemical, agricultural and agro-industrial subsectors.
Most of the unexploited trade opportunities identified by the Exporters Association of Peru are to be found in the chemical subsector, which include "... perfumes and colognes, tires, insecticides or sodium hydroxide, among others, with a potential value of $293 million. "
From August 5th to 7th construction and engineering companies will be meeting in Costa Rica to discuss issues related to construction and structural design of buildings, bridges and special structures.
The congress is being organized by the Costa Rican Association of Structural and Seismic Engineering and will bring together companies in the construction sector from 5th to 7th of August at the Barcelo San Jose Palacio Hotel.
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