$20 Million Invested by Steel Maker in El Salvador

The Corporación Industrial Centroamericana (Cornica) makes the investment to update its production facilities.

Tuesday, June 23, 2009

Investment in new forging equipment, continuous casting, and fabrication of steel and iron, among others, will allow the company to increase its capacity to produce steel from 140,000 tons currently to 250,000 tons, according to the General Manager of Cornica, Carlos Francisco Alvarado.

“…according to the projections, the new equipment will begin operating in October of this year…The new machinery will also produce angle iron, something the current machine does not produce, but it isn’t a priority in the short term,” Alvarado assured Elsalvador.com.

More on this topic

Nicaragua: Investments in Free Zone Announced

June 2016

A Peruvian spinning mill is to invest $15 million in Las Mercedes Industrial Park, and soon three other companies from the call center and textile sectors will be setting up there too.

Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel (Anitec), told Elnuevodiario.com.ni that "...

More Investment by Intel in Costa Rica

February 2012

The processor giant will invest $80 million in equipment upgrades at its plant in Belen, Heredia, in order to produce a new chip.

Modernization is necessary for the production of a more advanced chip and for optimizing the plant’s infrastructure, said Mike Forrest, general manager of Intel Costa Rica to Nacion.com.

Lincoln Electric considers investing in Panama

January 2009

The multinational company, a global leader in welding equipment, is considering expanding to the region via Panama.

Prensa.com reports: "No decision has been made yet, but the company could set up a sales office or regional training center in Panama, or even an industrial plant.

Multinational Grainger inaugurates branch in Panama

September 2008

The opening of the branch is in accordance with the company's expansion plan for Central America.

The American company said that the new branch in Panama will offer a wide variety of products to companies and institutions for the maintenance of their installations.
"Grainger chose Panama as its second expansion market in Latin America after Mexico because it offers interesting opportunities and an excellent business climate," said Bonnie McIntyre, vice-president of Development for the Group.

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