Guatemala to Export 22 Million Gallons of Paint in 2012

Operations have begun at new Celco and Grupo Solid paint manufacturing plants, enabling new markets to be opened.

Friday, April 15, 2011

The increase in installed capacity is expected to lead to an increase in production. By 2012, the manufacture of 30 million gallons of paint are estimated to be possible, of which 8 million gallons will go toward national markets and the rest will be exported.

Javier Castillo, president of a Guatemalan paint manufacturing association (Grefap), told Siglo 21 that, "we want to start selling to Mexico, USA, part of the Caribbean and the Andean Communities. Currently only Central American countries are exported to".

The Celco factory expansion will be completed in October and enable it to increase annual production to 4 million gallons.

Grupo Solid's $16 million investment expects to enable it to increase production to 26 million gallons per year, as well as 6 million pounds of resin, according to Castillo.



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New Paint Plant for $18 million

October 2011

Grupo Solid has opened its new ‘Superbia’ factory in Escuintla, allowing it to double its production capacity and expand into more markets.

With the increase in installed capacity they expected to increase production by 100% and so start their expansion plan in the Central American market.

Pinturas Volcan Invests $ 3 million in Guatemala

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The company invested in a new production line and a regional distribution center.

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Solid Group Negotiates Loan with IFC for Paint Factory

May 2010

Solid Group signed a $10 million loan with the International Finance Corporation to build a paint factory in Guatemala.

The future plant will be located in Escuintla and will start operations next year. Requiring a total investment of $16 million, it will be the largest of its kind in Central America.

$10 million for paint plant in Guatemala

September 2008

The Solid - Lapco Group will invest in a new paint plant to supply the market in Mexico, Peru, Colombia, Dominican Republic and Puerto Rico.

The 4D multi-annual expansion plan is betting on the consolidation of regional leadership in all the segments of the paint market and the opening of new markets in southern Mexico, Peru, Colombia, Dominican Republic and Puerto Rico where they are analyzing mergers.

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