Cervecería Hondureña has announced that it will be investing $25 million in the expansion of its beer production plant in San Pedro Sula.
The company, a member of the business conglomerate AB Inbev, explained that the expansion works will be completed within 10 months, once the process to obtain the necessary permits has been completed.
Between January and September 2016 the Central American countries exported 550,000 tons of soft drinks at a value of $230 million, led by Guatemala, with $93 million.
Figures from the information system on themarket for non alcoholic beverages in Central Americacomplied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
Between January and September 2016 Central American countries together imported $203 million worth of alcoholic beverages, 6% more than in the same period last year.
Data from a report entitled 'Alcoholic Beverages Market in Central America',presented by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
It has been estimated that the alcoholic beverage industry has lost out on earnings of $92 million in annual sales due to the entry of illegal and fake products.
While the sector failed to earn about $92 million, according to estimates Euromonitor reported by Prensalibre.com, the Guatemalan treasury has forgone about $25 million in uncollected taxes.
Between January and September 2016 the Central American countries as a whole imported $97 million in fruit and vegetable juices.
Data from the report 'Imports of Fruit and Vegetable Juice in Central America',presented by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
In 2016 the export of products such as palm oil, cashew butter, brown sugar, cane molasses, liquid egg and beverages generated $1.5 billion, 8% more than in 2015.
From the report by Agexport:
The subsector that recorded the most significant increase in exports was that of edible oils and fats, which generated $438 million in foreign exchange, an increase of 21%, followed by preparations based on cereals, with $202 million and an increase of 4% sauces, condiments and seasonings, with $52 million and an increase of 16%.Exports of cereal flour generated $17 million and were up 16% compared to the previous year.
During the first half of 2016 the Central American countries as a whole exported $156 million worth of non-alcoholic drinks, equivalent to 370 thousand tons.
Data from the report "Exportsof nonalcoholic beverages in Central America", presented by the Business Intelligence Unit at CentralAmericaData.
The union of exporters in El Salvador has identified and described the most appropriate distribution channels and opportunities for products such as fruits and processed vegetables, pickles, beverages and snacks.
From September 5 to 7 products will be exhibited and meetings held in Guatemala City by representatives of food companies, restaurants and other entities linked to the sector.
The event is being organized by the Union of Restaurants in Guatemala and will be held at the Grand Tikal Futura Hotel in Guatemala City.
Taking part in the fair will be companies producing food and drinks, restaurants, hotels and other companies related to the industry.
The tax reforms proposed by the Morales administration could include a new tax on telephony and increases in taxes on cement, hydropower and alcoholic beverages.
The amounts and characteristics of the taxes are still unknown, but at a meeting between representatives of Congress and the Executive Branch details were given on the productive activities that are included in the government proposal.
Rice, vegetable oil, liquor, eggs, sugar and cement make up the bulk of the products in the list of goods most affected by illegal trade in the country.
From a statement issued by the Chamber of Industry in Guatemala:
Guatemala, July 19 2016. - The Chamber of Industry in Guatemala has revealed, as it has done repeatedly over the past twenty years, the situation of Contraband and Customs Fraud in the country, and this morning presented to the media the alarming statistics representing losses caused by this scourge in Guatemala.
A new web platform belonging to the SIECA aims to simplify and harmonize procedures for the sanitary registration of processed foods and beverages in Central America.
A statement issued by the Sieca explains that"...TheRegional Integration System for Health Records(SIRRS) is a regional automated system for the recognition of medical records to be administered by SIECA and aims to simplify, harmonize and automate procedures for sanitary registration of processed foods and beverages in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. "
The British government has announced a new tax for drinks with high sugar content, excluding milk and natural fruit juices, which will take effect in 2018.
From a statement issued by the Foreign Trade Office of Costa Rica:
The British government has announced the introduction within two years of a new tax on sugary drinks, in order to raise funds for the State and at the same time fight against obesity.
Invitations have been extended to food and beverage companies, handicrafts, textiles, pharmaceuticals and services to participate in the first "Korea Trade" fair, from 21st to 26th of June 2016 in Seoul.
From a statement issued by Agexport:
Agexoport, the Inter-American Development Bank and the Guatemalan Korean Chamber of Commerce and member of the Export Council of Asia, are calling for Guatemalan companies to participate in the first trade mission "Korea Trade" from 21st to 26th of June 2016 in Seoul, South Korea.
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