New Investments in the Hardware Store Sector

In Nicaragua, Grupo Ferromax reported that it invested $2 million in the opening of three new branches in Estelí, Chinandega and Masaya.

Thursday, January 24, 2019

Managers of the business group involved in the marketing of iron and sheet for construction, reported that two of the branches are operating since last December and one is ready to open this month.

See "Hardware Stores: Business in Central America"

Regarding the country's situation, the president of Grupo Ferromax, Francisco Suriano Siu, said to that "... Despite the current socio-political problems in Nicaragua, Grupo Ferromax continues to bring its products to customers and generate more jobs'."

The article adds that "... Grupo Ferromax is from Guatemala to Costa Rica. It currently has 176 Megaservices in the region, which are distributed as follows: Guatemala has 70 Megaservices; El Salvador, 47; Honduras, 23; Nicaragua, 25; and in Costa Rica it has 11 Megaservices."

According to reports from CentralAmericaData, from Guatemala to Panama there are just over 4,000 establishments selling hardware products, of which almost 25% is concentrated in Costa Rica, followed by Guatemala, where about 20% of hardware stores are located.

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More on this topic

Laminated Products: Call for Clarity in Investigation

November 2019

Importers of rolled products in Guatemala demand objectivity in the investigation conducted by the Ministry of Economy to determine whether or not to apply a safeguard to the import of these products.

Derived from the request made by the company Ternium, for the Directorate of Foreign Trade Administration (DACE) to carry out an economic study of the import of rolled products in the country, which has as its main objective, to establish if appropriate a safeguard measure, companies such as Ferromax and Grupo Ferroso, SA, require that the results of the investigation are objective and respond to the real situation of the market.

Hardware Stores: New Investment in Guatemala

June 2019

The chain of hardware stores EPA will open from July 4th its fourth sales point, which will be in a shopping center in Zone 10 of the country's capital.

The company reported that in its new store that will be in Rambla 10 Shopping Center, will offer more than 15 thousand items distributed in 27 categories related to construction.

Nicaragua: Hardware Stores Growing

November 2015

The dynamism of the construction sector is driving growth in the hardware sector which consists of about 1,000 companies that generate annual sales of between $300 and $350 million.

The strong and sustained growth of the construction sector in recent years has been the engine of the hardware store business in the country, major suppliers of materials and equipment to construction companies.

Sinsa Group Invests $16 million in Nicaragua

October 2013

The company has opened a new store selling hardware, electrical and construction products.

The project began construction in November, generating hundreds of indirect jobs and 132 direct jobs, said Katy Alemán, Sinsa's marketing manager.

The store was built on an area of ​​2,200 m² and has parking for 150 vehicles.

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