Costa Rica: Cement Factory Closes Due to "Legal Uncertainty"

Conflicting decisions by the courts have discouraged investment by the firm Cementos David in Costa Rica.

Monday, April 30, 2012

The company Comcoas Inc. (Cementos David), has ceased operations on Monday, citing the "legal uncertainty" of the country.

Since opening in 2007, Cementos David has faced a number of law suits over its alleged illegal operation permits and environmental pollution, which were filed by residents of San Rafael de Alajuela.

"On three occasions the Constitutional Court ruled in favor of the company and allowed them to open operations in October 2010. However, one year after opening the Administrative Court ordered the cancellation of their building and marketing permits, which has led to the close of business," reported Elfinancierocr.com.



More on this topic

Guatemala: Pressure From Tax Audit Office

March 2013

So far this year one hundred businesses have been closed and another 1,200 are being targeted by the authorities because of invoicing problems.

Siglo21.com.gt reports that "the head of the Tax Authority (SAT), Miguel Gutierrez, said that so far this year, 100 businesses have been closed temporarily and at least 1,200 are under observation, all of them for billing problems or because they did not deliver invoices to their customers. "

Cancellation of Crucitas Mining Concession Stands

November 2011

The First Chamber of the Supreme Court of Costa Rica has dismissed appeals filed by the company Industrias Infinito.

In November 2010 the Administrative Court ordered the cancellation of a mining concession to Industrias Infinito, a company that has invested $127 million in the project.

Maquila Heads to Haiti from Guatemala

November 2011

Korean owned SAE International has announced it plans to close one its five factories in Guatemala due to a mix of poor sales to the USA and high Guatemalan labor costs.

The country's Economy Minister, Luis Velázquez, announced the closure of the plant saying that the company will be opening a new factory in Haiti where it will look to hire 20,000 people.

Three Tobacco Companies Close in Honduras

April 2009

The closing of Raíces Cubanas and Tabacaleras Unidas tobacco companies, among others, in the communities of Danlí y Paraíso, has left 3,500 unemployed.

Miguel Angel Berrios, president of the Chamber of Commerce and Industry of Danlí said that the economic impact caused by the closing of these factories is still unknown.

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