TreviGroup will be visiting the country to meet with business leaders and government officials to evaluate business opportunities in the project of the Grand Canal and other construction areas.
TreviGroup construction company will meet with representatives of the Superior Council of Private Enterprise (COSEP); the Nicaraguan Chamber of Construction (CNC) and government officials in order to find out about and evaluate participating in the construction of the Grand Canal and other construction opportunities in the country.
With a record $2.207 billion in exports last year in 2012, the nation aims to continue growing its free zone regime, both in terms of the number of companies and volume of exports.
Beyond having obtained these successful figures, the aim is to attract more businesses and diversify economic activities.
The U.S. company Millknit Industries is to produce fabrics for the maquiladora industry, beginning operations in the first quarter of 2013.
Operating in the industrial park Las Mercedes, the textile company will begin operations between January and February 2013, informed the technical secretary of the National Commission of Free Zones (CNZF), Alvaro Baltodano.
Most notable are the opportunities in agriculture "because there is a lot of land" for production in sectors such as cocoa, rubber, oil palm and sugar.
A delegation of businessmen and government officials from Nicaragua will meet with Guatemalan entrepreneurs from the agricultural sector in order to persuade them to invest in their country.
European investors are to acquire the Cone Denim Plant in Nicaragua, which has been closed for 3 years and could reopen in late 2012.
"It is a fact that this year the Cone Denim plant will be reopened. We're just waiting for the (purchase) negotiations to be completed," confirmed Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel Companies (Anitec), according to Laprensa.com.ni.
Two companies will install production plants, one for solar panels and one for cardboard boxes.
The trade agreement signed in 2008 has boosted Taiwanese investments in Nicaragua and created closer diplomatic and commercial ties between both nations.
The Taiwanese company, Speed Tech, has confirmed plans to install a solar panel factory with an investment of $10 million.
The announcement was made by the presidential delegate for investment, Alvaro Baltodano, who said: "They, after the exchange (the talks) confirmed the decision to invest in Nicaragua and we hope that in August when a very important investment meeting, organized by Pro Nicaragua, will be held in Nicaragua, these investors will come and we hope that Taiwan officially announces (the plans) there. "
The multinational Cargill will invest these resources over a period of five years.
With a view to strengthening domestic production and further development of the national poultry and animal feed business, Cargill will inject capital into companies operating in the country.
The arrival of new textile plants, the expansion of three plants and the reopening of another were announced by the textile sector.
With an investment of $ 50 to $ 60 million, the National Commission of Free Zones (CNZF) is negotiating the installation of a new textile factory with a foreign capital group.
Istmo Textil Nicaragua has launched a new textile manufacturing facility where it expects to employ 2,500 people.
The investment means that the company, backed by Korean capital, will look to achieve exports worth $120 million in 2010 and will employ a total of 5,000 workers.
The shoe company will open in the free zone between July and September, creating over 1.000 jobs.
Of Brazilian ownership, the company sells 70% of its production to Europe and the remainder to the United States.
Alvaro Baltodano, secretary of the Free Zone Corporation, told Laprensa.com.ni that “the Brazilians want to produce all their shoe parts in Nicaragua, such as heels, soles and insoles”.
The German autoparts company expects to start operations by year's end in a free trade zone.
In 2008, company representatives announced their intention to operate in the country, planning to generate 2,000 jobs.
According to the an AFP report published in mipunto.com, "Because of the crisis, the factory decided to open operations with only 1,000 workers in the city of Masaya, 26 km south of Managua," said Alvaro Baltodano, the executive secretary of the Free Trade Zones Corporation of Nicaragua.
Russian businessmen will arrive in Nicaragua on February 12 to explore the possibility of investing in a cacao processing plant.
Álvaro Baltodano, executive director of the Corporation of Free Zones said to ACAN-EFE y Prensa.com reports: "This is a project, however they have all intentions of going through with it: to establish a cacao processing plant and to export it to Russia to make chocolate.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
Real Estate Development & Adventure Park Jacó, Costa Rica. Multiple Investment Opportunities Available. The Ocean Ranch eco-residential development is located...
Beverage Industry Digital Magazine established in 1942, the oldest Spanish trade journal and the only beverage trade magazine serving the Latin American beverage market. It serves soft drink bottlers, brewers, bottled water...
O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...
español
2921
