Nicaragua: $15 million for Production of Ornamental Plants

The factory will be built in Estelí, where other relevant investments are being made.

Wednesday, August 3, 2011

Estelí province is becoming increasing appealing to investors who are opting to establish factories and free zones there.

One example is the investment of $15 million to be made by a group of U.S. investors in a free zone for the production of ornamental plants.

An article in notes: "The free zone will be installed with the latest technology in the town of Esteli, in the coming months it will generate about 500 direct jobs and 900 during peak season, mainly in agricultural work.

The market for this product, which has been cultivated for more than three decades in 20 countries, is already established, informed investors, who added that they have $15 million to start farming in Estelí, where they hope to export 60 million cuttings annually, generating foreign currency in the order of $6 million.

Testing begins in March 2012 and then the first exports will be shipped in December of that year, said Mario Pichardo, operations manager of Las Limas ".

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