Tires: Production Plant Ends Operations

As a result of the emergency that Costa Rica is going through due to the spread of the coronavirus, Bridgestone announced that it will temporarily close its industrial plant located in Belen, Heredia.

Tuesday, March 24, 2020

The company announced that its plant will remain inactive from March 26 to April 12 and that none of the 1,000 employees working on the premises will be dismissed.

See "Covid-19: Forecast for the automotive sector"

Elobservador.cr reviews that "... The company reported that it has enough product supply to meet the demand of customers and their distribution centers; therefore, plant warehouses and logistics services will continue to fulfill orders, but operating with only essential personnel and following all preventive measures and appropriate hygiene recommendations."

According to CentralAmericaData reports, it is expected that automotive retail sales in Central America will be significantly affected by the covid-19 crisis, which would be partly explained by the drop in tire sales.

Read more about the effect on this sector in the report: "How will covid19 affect the automotive sector?"



More on this topic

Rayovac Closes Factory in Guatemala

December 2020

After nearly seven decades of operating in the Central American country, the company dedicated to the manufacture of batteries and lighting decided to close its production plant and moved its operations to Brazil.

The restructuring of its operations comes two years after Energizer Holdings Inc agreed to buy the battery and lighting business of Spectrum Brands Holdings Inc.

Costa Rica: 3M Closes Production Plant

November 2020

The U.S. company, which still operates a plant in the country for the production of sandpaper and adhesive tapes, has begun the process of relocating its operations, which includes the closure of the factory operating in Heredia.

According to information released by the company, the closure of the industrial complex located in Santa Rosa de Heredia, follows a business strategy and is not a consequence of the economic crisis that generated the outbreak of covid-19.

Fabrics: Factory Closes in Guatemala

August 2020

After 20 years of operation, Modas B.I. Apparel, a company specialized in the manufacture of clothing, decided to close its doors due to the economic crisis caused by the outbreak of covid-19.

The company operated an industrial plant that employed 800 workers and was located at Kilometer 8 of the Atlantic Highway, in the jurisdiction of the Department of Guatemala.

Car Factory Closes in Costa Rica

May 2009

Continental AG canceled the start of operations of the auto parts factory for Chrysler built in 2008 with $62 million.

The United States automotive crisis and the consequent decline in demand for high-tech devices that the plant would have made forced Continental AG to close the factory that had not yet begun operations.

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