Closure of Packaging Company: Pessimism and Opportunities

After the Nicaraguan company Astro Packing Solution announced an indefinite closure of its operations, local companies predict that packaging will become more expensive in the coming weeks and will be forced to look for new suppliers in neighboring countries.

Monday, April 5, 2021

At the end of March, it was reported that Astro Packing Solution, a company engaged in the manufacture of packaging, notified its customers that it will close indefinitely due to the shortage of raw materials.

You may be interested in "Paper and Cardboard: Regional Purchases Fall 10%"

According to Nicaraguan businessmen, Astro is dedicated to produce specialized packaging that are demanded by the meat, dairy and other productive sectors of the country.

Marcos Pierson, president of the Chamber of Industries of Nicaragua (Cadin), told Laprensa.com.ni that "...'when this company closes operations, we have to look for suppliers abroad, that is the immediate solution, getting suppliers from El Salvador, Costa Rica, will probably mean a rise in costs, the problem is that for the national industry it is key to be able to market the products, then all of us who are in the business of selling in Nicaragua and even to export, depend on Astro Packing Solution to have a competitive price'."

See "Plastics: Regional Purchases Exceed $2.6 Billion"

Pierson added that "... 'right now there is not only a shortage of cardboard, there is also a shortage of plastic, groceries, transportation has become more expensive, so there are many logistical problems and we need the cooperation of the government to reduce customs procedures'."

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