Wal-Mart invests $6.8 million in El Salvador

The Wal-Mart chain inaugurated its first beef and pork processing and distribution plant in El Salvador.

Friday, October 24, 2008

The facilities, 2000 refrigerated square meters, currently process 1.4 million pounds of meat per month which is distributed to more than 80 Hiper Paiz, Despensa de Don Juan and Despensa Familiar stores throughout the country.

The executive president of Wal-Mart Central America, Ignacio Perez, said that the project, in which the American chain has invested 6 million 800 thousand dollars, will employ between 150 to 200 workers. "Some will be butchers that work in our stores and who will be transferred to this facility and others are new positions that have been created."

More on this topic

Costa Rica: Meat Company Receives $1 Million from IDB

September 2009

The company, "Carnes Zamora", or Zamora Meats, will invest the resources in upgrading its processing plant.

Mario Garro, president of the company, remarked that some of the funds will be used in improving their environmental administration.

Newspaper Nación published more comments by Garro: "... our environmental administration system complies with ISO 14000. In September we begin training for ISO 22000...".

Wal-Mart Invests $7.38 million in Guatemala

July 2009

Its main distribution center, which supplies 163 stores in the country, will be expanded to 28 thousand square meters.

With this investment, the company increased its storage and distribution capacity in 25%, creating 50 new jobs.

Marcio Cuevas, Guatemalan Corporate Affairs Manager, was quoted by Sigloxxi.com: "...this projects benefit the country´s economy, as expansion means job generation ...

Another Wal-Mart Store in El Salvador

March 2009

The investment of $1 million for the new Despensa Familiar (Family Pantry) store is part of the company’s expansion and investment plan in the country.

The operations manager of Family Pantries, Fabricio Molina, told La Prensa Gráfica: "In the next six months, the corporation (Wal-Mart Central America) will be opening six more stores which will be located in various parts of the country, including the capital.

Wal-Mart to Invest $29 Million in the Region

February 2009

The supermarket chain is plannning to open 22 stores during 2009 in Central America, generating about 1,000 job openings.

The press release published by Siglo 21 on its website states: "In a year when the region's economic environment is showing itself to be extremely challenging, this level of growth and investment demonstrates the company's commitment to the welfare of Central American families, with a greater operating efficiency that will allow it to continue offering the lowest prices to its customers."

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