With a $15 million investment, the US company Microtechnologies has expanded its specialized device production plant located in Coyol de Alajuela, Costa Rica.
The company specializes in the design and manufacture of critical miniature components that change the market through its use in platforms such as engine management systems, invasive surgical devices and safety controls for occupants.
Representatives of vehicle assemblers in Puebla will be meeting with Honduran entrepreneurs engaged in making auto parts in October.
From a statement issued by the President of Honduras:
San Pedro Sula, August 9.Representatives of the major vehicle assemblers in Puebla (Mexico) will be visiting Honduras in October to meet with Honduran entrepreneurs engaged in the development of auto parts, announced today President Juan Orlando Hernandez in San Pedro Sula.
The cell phone assembler Sollen Mobile is one of the companies that is considering setting up in the industrial park being built in Escuintla which will be ready in September.
Daehan, a manufacturer and exporter of lighting products using LED technology is also interested in settling in theMichatoya Industrial Park, whose construction is now 70% complete .
The Japanese Yazaki and the German firm Draexlmaier have already invested about $70 million in the country, trying to attract more investment to turn the place into a center for manufacturing vehicle parts.
Nicaragua is looking to become a destination for investment in the auto parts segment. "A lot of raw material used to manufacture automobile parts such as seats and dashboards comes from Nicaragua.
The Ecuadorian firm Carrocerías Imce is once again considering investing in an assembly plant for bus chasis near Puerto Cortés.
The company Carrocerías Imce has not yet determined the amount of the potential investment, but confirmed they would need a plot of land measuring 4,000 square meters in order to install an assembly plant near the port which gives them maritime transport facilities.
Executives at Varma Carrocerías are analyzing the feasibility of operating an automotive assembly plant in the south of the country.
The company has agreements with Mercedes Benz, Hino, International and Volkswagen for assembling those brands of cars.
An article on Latribuna.hn reports that "... Branches in Valle and Choluteca attracted representatives from companies specializing in car body assembly and steel working."
South Korean investors have made a proposal to President Perez Molina to set up a plant for assembling Kia, Daewoo and Hyundai autos, with an investment of $600 million.
The operation of a Korean auto plant could generate 20,000 direct and 30,000 indirect jobs and the investment would aim to fill market needs in Central America and southern Mexico.
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