CONSTRUCTION PLATFORM
$32 Million in Energy PlantThursday, July 8, 2021 In Veraguas, the plant is being built to produce clean energy by means of photovoltaic panels with a nominal capacity of 40 MW, on a 45-hectare site. The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Area, includes an updated list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country. Medical Industry: New Complex to Be BuiltThursday, June 24, 2021 Costa Rica's Establishment Labs Holdings Inc. will invest $35 million in the execution of the first stage of the construction of its new innovation campus called "Sulàyöm", which will be located in the Coyol Free Trade Zone in Alajuela. This new facility will have some 13,500 square meters of construction and will support the company's global growth, increasing production capacity in manufacturing, research and development, digital media, training and education for physicians specializing in aesthetic surgery, notes a press release from the Costa Rican Coalition of Development Initiatives (CINDE). Rayovac Closes Factory in GuatemalaMonday, December 21, 2020 After nearly seven decades of operating in the Central American country, the company dedicated to the manufacture of batteries and lighting decided to close its production plant and moved its operations to Brazil. The restructuring of its operations comes two years after Energizer Holdings Inc agreed to buy the battery and lighting business of Spectrum Brands Holdings Inc. With this acquisition, Energizer absorbed the Varta and Rayovac brands. Guatemala Pays Debt to Teco EnergyWednesday, November 25, 2020 After Guatemala paid off its debt to Teco Energy, the $15.75 million embargo was lifted, resources that the country had allocated for interest payments from some Eurobond holders. Arguing that from 2008 to 2013 the Guatemalan National Energy Commission set a maximum amount that electricity distribution companies could charge the user, Teco Energy, a company that was a shareholder of Empresa Electrica de Guatemala, sued the country internationally. Arbitration with Teco Energy: Embargo on GuatemalaThursday, November 5, 2020 After receiving a ruling opposing the international arbitration disputed with Teco Energy, the New York State Supreme Court ordered the seizure of $15.75 million from Guatemala. Teco Energy is a company that was a shareholder of Empresa Eléctrica de Guatemala and years ago claimed international arbitration, arguing that from 2008 to 2013 the National Energy Commission set a maximum amount that energy distribution companies could charge the user. Pandemic: Effects on the Insurance MarketMonday, August 10, 2020 Although the covid-19 outbreak in Guatemala has increased interest in medical and life insurance, it is expected that because of the economic crisis, group insurance sales will be affected. Figures revealed by directors of the Guatemalan Association of Insurance Institutions (AGIS), detail that so far the months with the highest incidence of positive cases have been June and July.
CONSUMER STUDY
Supermarkets: Top of Mind in Central AmericaWednesday, July 29, 2020 In the region, it is estimated that more than 4 million people show interest in the digital environment for supermarkets, being Walmart, Pricesmart, Paiz, La Torre, La Colonia and Super Selectos, some of the chains that have better positioned in the minds of consumers. An analysis of the interests and preferences of consumers in Central America, prepared by the Trade Intelligence Unit of CentralAmericaData, gives interesting results on the preferences and tastes of people in various products, services, store chains, brands and activities. Avianca Declares BankruptcyMonday, May 11, 2020 The Colombian-born airline, which operates in all Central American countries, voluntarily filed for bankruptcy in the United States following the company's economic losses due to the spread of covid-19 globally. This process was necessary due to the unpredictable impact of the covid-19 pandemic, which has caused a 90% decrease in global passenger traffic and is expected to reduce industry revenues worldwide by US$314 billion, according to the International Air Transport Association (IATA), the company reported. Panama: Sale of Multibank AuthorizedFriday, April 3, 2020 The Superintendence of Banks authorized the transfer of up to 100% of the issued and outstanding shares of Multibank in favor of Leasing Bogotá S.A. Resolution SBP-0053-2020 dated March 24, 2020, explains that "... Authorizes the transfer of up to 100% of the issued and outstanding shares of Multi Financial Group, INC. in favor of Leasing Bogotá, S.A. $10 Million Investment in a Multipurpose TowerFriday, March 6, 2020 A ten-story tower will be built on a 1,742-square-meter lot in the town of San Francisco, Panama Province, to house apartments, offices and commercial space. According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Silver and Gold Development, INC, submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called, "P.H. Grand Palace Business Center".
MARKET STUDY
Household Appliances: Market Share of the Blender MarketWednesday, March 4, 2020 In Central America, it is estimated that Operadora de Tiendas, Corporación de Supermercados Unidos, Pricesmart de Panama and Moderna Electronics account for about 10% of total imports of blenders and their parts. A study by CentralAmericaData's Trade Intelligence Unit shows that GMG Comercial from Guatemala and Costa Rica, and Comercializadora Panamericana are other companies that have a considerable share of the Central American blender market.
MARKET STUDY
Central America: Institutional Furniture MarketMonday, February 24, 2020 Comercializadora S y G Internacional, Smart Office and Easy Office Inc. are three of the companies that have won the most important contracts to provide furniture and wooden items to public institutions in Central America. A study carried out by CentralAmericaData's Trade Intelligence Unit analyzes the furniture supply companies that were favored with contracts to provide furniture and wood products to the governments of Central American countries. Medical Devices: $13 Million in New PlantFriday, January 31, 2020 ICU Medical Inc. announced that it will build an industrial plant in Heredia, Costa Rica, dedicated to the manufacture of medical devices for infusion therapy and critical care applications. The investment made in the plant located in La Aurora de Heredia will include a new infusion pump manufacturing line and a state-of-the-art sterilization plant, reported CINDE. TVN Media Acquires Radio PanamaThursday, January 30, 2020 TVN Media announced that it has signed an asset purchase agreement for Green Emerald Business Inc., which includes six open radio frequencies under the Radio Panama brand and the right to use the LOS40 brand. TVN Media reported that the contract was signed on January 24, 2020, an agreement that follows the company's corporate strategy to expand its multimedia product portfolio. Banking Concentration Authorized in El SalvadorWednesday, January 29, 2020 The Superintendence of Competition authorized the merger request submitted in 2019 by the conglomerates Inversiones Financieras Imperia Cuscatlán and The Bank of Nova Scotia. In February 2019, Scotiabank reported that it had reached an agreement to sell its banking and insurance operations in El Salvador, including Scotiabank El Salvador, its subsidiaries and Scotia Seguros, to Imperia Intercontinental Inc. |
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