Guatemala: More Industrial Investment in Escuintla

The new free zone, which started operating in Palín, houses the Korean textile company Alcatex and the plastics manufacturer Plastifar, from the Dominican Republic.

Monday, March 27, 2017

In addition to Alcatex, the company Plastifar has also started operating in the free zone known as Michatoya, created from a partnership between the municipality of Palin, Escuintla, and the city of Incheon, the main logistics port of South Korea.

S21.gt reports that "...Alcatex, will have an area of 104,820 square meters , while Plastifar will have 69,880 square meters in premises. That is to say, the two companies that kick started the new Zona Franca, will occupy 34.94% of the space available there."

"... Authorities said that one of the features of the park is that it will work within what is known as the Special Customs Regimes scheme, Zona Franca, and will have a public warehouse for importers, where goods can enter guaranteed by the Superintendency of Tax Administration (SAT) and will not incur taxes in Guatemala, but rather will aim to sell in the local market."

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