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.
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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.
Three textile companies and a cosmetics distributor will begin operations in the country before year-end.
Textile companies Apparel Production Services (APS), Supertex, Darlington Fabrics and cosmetics distributor Arabela Logistics will generate some 2.500 direct jobs, remarked Alexander Segovia, presidential secretary.
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