Closures in Guatemala's IndustryLack of security and high energy and logistical costs have caused the closure of 150 industrial companies in the past 5 years.Monday, August 10, 2009
127 maquila operations have closed since 2005, firing 60.000 people. Pharmaceutics company Sanofi-Aventis sold its assets in Setember 2007, Avon did the same by the end of 2008, and more recently Kellog's announced its decision of closing its industrial operations in the country. Source: El Periódico de Guatemala ¿Busca soluciones de inteligencia comercial para su empresa?France-Panama Chamber of CommerceFebruary 2016 The new business entity seeks to convene 100 companies in two years, and foster business development, trade and investment between Panama and the European country. Costa Rican Plastics Firm Moves to NicaraguaAugust 2014 A company producing polyethylene products has closed part of its operation in Costa Rica due to the high cost of production in the country and transferred its factory which is now operating in Nicaragua. Kellogg's Closes Guatemalan PlantAugust 2009 The company announced the closure of its Guatemalan production plant in November. Panama: Latin American Base for French CompaniesMarch 2009 French investment in Panama has reached $600 million and is projected to reach $1 billion in 2010.
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