Paints: $20 Million for New Plant

The Guatemalan business group Solid, manufacturer of Paleta and Corona paint brands, will invest $20 million in a production plant in the Dominican Republic.

Thursday, October 17, 2019

With the projected investment, the business group plans to distribute its Corona brand products in 12 stores and 500 hardware stores in the Dominican Republic.

See "Hardware Stores: Business in Central America"

Ariel Koll-Nescher, executive president of the Solid group, explained that "... Dominican Republic will be the base and hub to conquer the Caribbean. We have found here a great business reception, a very good business environment."

You may be interested in "Central America: $70 Million in Industrial Investment"

Prensalibre.com reviews that "... Yara Argueta, director of the Solid group, indicated that in the Dominican Republic they found a very favorable business climate with a very strong dynamism and support for this type of investment."

According to information from the business group, Solid is one of the companies dedicated to the manufacture and marketing of paints. Its Superbia plant is the largest in Mesoamerica, with an installed capacity of more than 30 million gallons.

According to reports from CentralAmericaData, between January and March 2018 and the same period in 2019 the trade of paints and varnishes between Central American countries registered a 3% increase, going from $29.5 million to $30.5 million.

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More on this topic

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.

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.

$5 million in Gypsum Board Production in Honduras

March 2009

U.S. based Caspian will build a gypsum board factory in the country and distribute the product in Central America.

The representatives of the company, Catamaount Group LLC, said it is very probable that the plant will be located in Choloma, which is near Puerto Cortes, facilitating the export of the product.

$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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