The Costa Rican company has agreed for the Stock Exchange Commission to revoke its registration, resolving an accusation of financial fraud.
In the elNuevoHerald.com it is reported that "Rica Foods, a poultry processor and feed producer based in Miami, and its former executive director resolved the case of financial fraud presented by the Stock Exchange Commission (SEC). "..."This case arose four years ago when Rica Foods, umbrella company for Pipasa, As de Oros and other poultry companies, was own by Costa Rican businessman Calixto Chaves."
Despite adverse weather conditions, the main producers of bananas have confirmed that demand for the product has stayed within projected levels.
Global demand for bananas remains "constant" and at "stable" levels according to information from leading multinational companies engaged in the production and marketing of the fruit, details a report by Thepacker.com. Countries in the region such as Costa Rica, Honduras and Guatemala remain among the market suppliers.
An average of 20% annual increase in sales has been reported by companies specializing in the distribution of food and beverages in bulk.
The market of wholesalesupermarkets in Costa Rica continues to grow, mainly driven by the opening in recent years of convenience stores, bakeries, 'sodas' (small low end restaurants), restaurants and hotels. Some establishments have reported an average annual growth of 20% in sales.
An announcement has been made that the company Apollo Endosurgery is to set up a 1750 meter device manufacturing plant in the Coyol area in the province of Alajuela.
From a statement issued by the Costa Rican Coalition for Development Initiatives (CINDE):
Apollo Endosurgery, Inc., a US medical device company, today announced that it has chosen Costa Rica as a site to install its new manufacturing plant in Coyol, Alajuela, where it will develop a variety of products including LAP-BAND® System - the only device approved by the FDA for weight reduction in people with at least one health problem related to obesity and who have a Body Mass Index of 30 or more.
In early February, a high profile trade mission from a major North American fresh fruit company will visit Panama to establish commercial contacts with pineapple growers from Capira and Chiriqui.
Sun Rich Fresh Foods, of Canadian origin, focuses on high quality fresh fruit products in different presentations. These products are experiencing great demand, so Sun Rich is looking for pineapple suppliers to back their expansion plans in Canada and the United States.
The Mexican food franchise inaugurated its first restaurant in the country, out of the 20 it plans for the next 8 years.
Taco Maker's new restaurant is located in Albrook Mall, in the Ancón district. It joins international franchise The Taco Maker Inc. (TTM), alonside 185 restaurants in United States, Latin America and the Far East. The company's short term expansion plans include Costa Rica and other Latin American and European destinations.
One in four Americans use "encapsulated" or individually portioned coffee machines , changing consumer trends related to the drink in the country.
From a statement issued by the Costa Rica Foreign Trade Promotion Office (Costa Rica):
Machines for preparing individual portions of coffee made popular by Keurig Green Mountain Inc. are currently being used by one in four Americans and are changing coffee consumption patterns. Almost all brands, from Folgers to Dunkin 'Donuts, sell plastic capsules measuring 2x2 inches holding a single portion.They are more efficient than drip processors which are able to prepare 10 cups, leaving a residue which is discarded.
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