The manufacturing industry leverages these tools in real time in order to predict and prevent potential problems, thus maximizing the performance of operations and workforce in production plants by collecting, storing and organizing data generated by machines, devices and systems on the production floor.
Predictive models combine the power of Big Data with artificial intelligence and machine learning to understand, monitor and optimize processes.
In the coming weeks, a 1,750 square meter industrial plant will be inaugurated, a complex in which 50,000 bamboo poles will be treated and processed per year.
The Bamboo Industrialization Project in Guatemala is located at kilometer 21.5 of the highway to the Pacific, in the municipality of Villa Nueva. The plans of the businessmen executing this investment are to supply the local market and export part of the production to Mexico, El Salvador and Honduras.
In Guatemala, the Miel Verde project, Special Public Economic Zone, was approved. In its first phase of development, it will require an investment of close to $4 million and will be located in the municipality of Río Hondo, department of Zacapa.
The new special zone will have a total area of 23,544 square meters, however, in the first phase only an area of approximately 5,173 square meters will be developed.
It is estimated that in the context of the spread of covid-19 in the country, eight out of ten companies in the industrial sector have reduced their sales and six out of ten have seen their distribution capacity affected.
The Chamber of Industry of Guatemala (CIG) conducted a survey to calculate the impact of the current health crisis on the operations of the country's industrial companies.
If quarantine and mobility restriction measures are extended by two months, annualized demand for carton packaging in the region is forecast to decline by 9% in 2020, and if extended by three months, the decline could be as much as 13%.
The "Information System for the Impact Analysis of Covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector or economic activity, considering several scenarios for the coming months.
Searching for home furnishings, accessories, clothing and gifts, more than 150 local and international buyers will participate in the New World Crafts Fair, to be held in Antigua on September 24 and 25.
From the Agexport statement:
AGEXPORT's Handmade Commission prepares for the 12th. Edition of the New World Crafts Fair (NWC), the most important marketing platform for handmade products from Guatemala in the region and one of the main in Latin America, which will take place on September 24 and 25, 2019 at the Hotel Casa Santo Domingo, Antigua Guatemala.
In Guatemala, companies in this sector registered in 2018 foreign sales of $2.5 billion, 5% more than in 2017, and next year expect a 3% growth.
The Diverse Manufacturing Sector represents 17% of Guatemala's total exports. Products such as paper and cardboard manufactures, pharmaceutical products, insecticides, fungicides and disinfectants and diverse products of the chemical industry have added a $2.5 billion foreign exchange income for foreign sales, informed the Guatemalan Association of Exporters (Agexport).
From November 5th to 9th, Guatemalan businessmen from the agricultural and manufacturing sectors will visit Frankfurt to discuss business opportunities with local buyers.
The representatives of the Guatemalan Association of Exporters (Agexport) informed that the trade mission they organize, will allow Guatemalan businessmen to contact potential buyers from Germany, whom they will have business appointments previously defined.
250 international buyers are expected to do business with craftsmen and manufacturing companies in the two trade fairs scheduled for September 26 and 27 in Guatemala.
A call has gone out to SMEs from the sectors of food and beverages, hygiene and personal care, home cleaning, plastic products, cosmetics, and other diverse manufacturers to take part in the business conference that will take place on the 26th and 27th of September 2018 in Antigua, Guatemala.
In the first semester of 2018, industrial activity in Guatemala decreased by 5% compared to the same period in 2017, explained by a decrease in mining activities, affected by the shutdown of operations at Minera San Rafael.
The index of industrial activity prepared by Central America Business Information (Cabi), shows that the mining sector registered a decrease of 41% compared to the first half of last year, reflecting the effect generated by the suspension of Minera San Rafael.See "Mining Company Still Not Operating"
From November 5 to 9, Guatemalan entrepreneurs from the agricultural and manufacturing sectors will be visiting the US city to explore business opportunities with local buyers.
Representatives from the Guatemalan Association of Exporters (Agexport) reported that theTradeMissionto Chicago is geared towards companies that export fresh and manufactured products geared towards the retail segment. The main objective is the opening and positioning of the Guatemalan exportable supply in the third largest city in the United States, Chicago, in Illinois.
From July 30 to August 1, a business meeting will take place between business leaders in the region and Chilean companies from the forestry, agriculture, manufacturing and seafood sectors.
From a press release by ProChile:
The event will be held in Guatemala City, between July 30 and August 1, and will bring together about 120 buyers from all over the region.In total, there will be 60 places for Chilean entrepreneurs in the forestry and agricultural sector, industry-manufactures and seafood.
Last year, the region bought $3.874 million worth of plastic and manufactured goods from abroad, 6% more than in 2016, and 35% of imports came from the United States.
Figures from the information system on theMarket for Plastic and its Manufactures in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In the first quarter of 2018, the manufacturing and services sectors recorded falls of 4,000 and 7,000, respectively, in the monthly average number of affiliates to the social insurance scheme compared to 2017.
One example of the contraction observed in industrial activity is what occured in free zones.The Association of Private Free Zones of Guatemala explained that due to the closure of more than one hundred companies, some 1,500 jobs have been lost.
Beverage Industry Digital Magazine established in 1942, the oldest Spanish trade journal and the only beverage trade magazine serving the Latin American beverage market. It serves soft drink bottlers, brewers, bottled water...