Taiwanese Shoe Manufacturers Invest in El Salvador

NanYang Footwear is to invest $3 million in the country to produce footwear and export it to other markets.

Friday, September 20, 2013

From a press release from the Presidency of El Salvador:

The Taiwanese company engaged in the manufacture of footwear NanYang Footwear, in a clear commitment to El Salvador, started operations in the country by establishing and expand its subsidiary in the country under the name of ADI FOOTWEAR SA de CV, with an initial investment of $1.5 million, plus plans to invest an additional $1.5 million and carry out an expansion which will generate more than 1,000 new jobs over the next year.

As part of the promotion of investment, the Government of El Salvador announced at a press conference on Friday September 20 the establishment and expansion of the company ADI FOOTWEAR SA de CV.

¿Busca soluciones de inteligencia comercial para su empresa?

More on this topic

Team Work by Diplomats and Export Sector

October 2013

The embassies of El Salvador are to showcase export products from their country and cooperate with private trade missions.

From a press release by the Ministry of Foreign Affairs in El Salvador:

The Foreign Minister, Jaime Miranda, and the president of the Chamber of Commerce and Industry of El Salvador, Luis Cardinal, signed on Monday September 30 an interagency cooperation agreement in the field of trade promotion of El Salvador internationally, which will allow the development of joint activities through diplomatic and consular representation of the country throughout the world.

Japanese Interested in Energy Investments in El Salvador

May 2013

Toshiba has expressed interest to the Government of El Salvador in investing in the energy sector.

From a press release by the Ministry of Foreign Affairs of El Salvador:

The Deputy Minister for Development Cooperation, Jaime Miranda and the Technical Secretary of the Presidency, Alexander Segovia held a meeting today with a Japanese business delegation which has shown interest in promoting investment projects in the national energy sector.

El Salvador: Colombians Have Invested $ 1.000 Million

February 2011

Over the past 10 years, Colombian companies associated with banking, energy, textile and hospitality, among others, have entered the country.

"Proesa, an office which attracts investment into the country, estimates that some 20 Colombian companies have invested in the country either through direct investment, purchasing a franchise or sub contracts," writes Elsalvador.com.

Textile Company Invests $23 Million in El Salvador

February 2010

A textile company will start operating from the country on March.

This was announced by Enrique Córdova, director of Proesa, the investment promotion agency of El Salvador.

"Córdova affirmed they are holding talks with other investors, and expect to land $150 million in foreign direct investment in 2010", reported Laprensagrafica.com.