Proquinal Costa Rica announced that it will reinvest $20 million in its coated fabric manufacturing plant, which is located in Spradling Free Zone Park in Coyol de Alajuela.
This reinvestment will allow the implementation of a new process within the plant that will increase its export capacity. The company manufactures coated fabrics for high performance markets such as hospitals, yachts, school buses, stadiums, airports and hotels, reported the Costa Rican Development Initiative Coalition (Cinde).
Although clothing and car wiring harnesses continue to lead, the number of types of goods exported under the free zone regime has gone from ten in 2008 to 20 today.
Production and export of clothing and wiring harnesses are still the main goods produced and exported under free trade zone conditions, but now others have been added such as as cigars, edible oil, fruits, leather shoes, paper, cardboard, and manufactured leather covers for furniture.
A government proposal seeks to generate in 5 years $13,000 billion worth of investment in tourism, textiles, intermediate manufacturing and business support services.
From a statement issued by the President of Honduras:
Tegucigalpa, February 29. President Juan Orlando Hernández presented the National Economic Development Program 20/20 Honduras, the largest platform for growth promoted in the country's history, focusing on tourism, textiles, intermediate manufacturing and business support services, which will generate 600,000 jobs in five years, among other objectives.
From October 12th to 16th a group of Salvadoran companies will be visiting Honduras to explore business opportunities in the sectors of food and beverages, manufacturing and services.
The visit is being organized by the Trade Promotion and Investment Agency of El Salvador. Salvadoran companies will promote products such as liquor, baked goods, natural juices, orgeat, barley, leather footwear and clothing.
Falls in sales of textiles, machinery and transport equipment accounted for the 6% annual contraction in manufacturing activity in May this year.
In the case of textiles, a reducicón of 8.7% in industrial production in May is attributed to lower production of knitted or crocheted fabrics, clothing and leather production. In the machinery and heavy equipment sector, which fell by 48%, a reduction in demand from the Mexican automotive industry is, according to Central Bank data, the reason for the poor performance.
The Korean textile SAE-A Spinning SRL has started producing yarns and fabrics in the manufacturing plant built in the industrial area of Coris, in Cartago.
Although construction of the new textile plant, which required an investment of $35 million was announced in June 2014, it is just now starting operations.
The Costa Rican Coalition for Development Initiatives (CINDE), told Nacion.com that "...
In Panama in the manufacturing sector, 40% of employers said they will increase their payrolls in the next quarter.
Panama is the second country in Latin America and the fourth largest globally with the greatest employment expectations for the third quarter of 2013, surpassed by Taiwan, Brazil and Turkey.
This was revealed by the Manpower Survey Employment Outlook for the third quarter 2013, which was carried out in Panama among 620 employers and about 66,000 worldwide. As for the manufacturing sector, in terms of recruitment Panama recorded 40% of employment expectations, a record figure since 2010.
In April and May, two Peruvian trade mission will visit Panama, Costa Rica and Guatemala in search of business opportunities.
The Exporters Association of Peru (ADEX) has organized two trade missions from companies from various sectors and foreign trade students from Peru.
Gestion.pe reports that "the first exploration mission from the imports and logistics sector will be held from 16th to 20th of April in Panama and aims at learning about the trade and development opportunities in this country which trades with the world more than $18 billion and through which passes 14,000 ships and more than 12 million containers a year. "
The company begins its operations in Central America by opening its manufacturing plant.
The factory will employ about 175 people in production and processing of multi-filament polyester, nylon textured yarns and related raw materials.
"Industry sources indicated that the manufacturing plant, Unifi Central America Ltd., will have eight texturing and 27 winding machines increasing the company´s capacity in the hemisphere," writes José Luis Henríquez on his article in Elsalvador.com.
This fair, organized by Agexport, the Guatemalan Exporters Association, will take place on July 15 and 16.
MANUFEXPORT is the trade show in where manufacturing businessmen from Central America can showcase their products to an international audience, and open new markets for them.
The event is intended to promote more competitiveness in the Central American manufacturing sector, plus generating opportunities abroad.
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