The Guatemalan business group Solid, manufacturer of Paleta and Corona paint brands, will invest $20 million in a production plant in the Dominican Republic.
With the projected investment, the business group plans to distribute its Corona brand products in 12 stores and 500 hardware stores in the Dominican Republic.
In a market that consumes about 40 million gallons of paint a year, agility in corporate management is a key factor.
An analysis of the Central American market made by Velia Jaramillo in an article on Estrategiaynegocios.net highlights from the beginning its main features: "...The mosaic of the Central American paint industry looks more colorful than ever.
PPG Industries is preparing the relaunch of the Glidden brand in Central America from Panama, where it has already opened nine new stores and plans to open another 16, on top of the 75 already operating in the country.
With a view to strengthening operations in the region, after the acquisition of Comex , PPG Industries will invest $6 million in renewing its portfolio and the position of the Glidden brand in Central America.
Grupo Solid has opened its new ‘Superbia’ factory in Escuintla, allowing it to double its production capacity and expand into more markets.
With the increase in installed capacity they expected to increase production by 100% and so start their expansion plan in the Central American market.
The new facilities, in addition to manufacturing paints (industrial, automotive, resins, aerosols), will also have research and development laboratories, a pulp plant for gypsum board, storage tanks and silos.
Operations have begun at new Celco and Grupo Solid paint manufacturing plants, enabling new markets to be opened.
The increase in installed capacity is expected to lead to an increase in production. By 2012, the manufacture of 30 million gallons of paint are estimated to be possible, of which 8 million gallons will go toward national markets and the rest will be exported.
The Colombian company has announced plans to expand its paints division, Pintuco, in Central America.
The firm's president, Ernesto Fajardo, announced the Central American expansion plans, which include negotiations for the construction of a paint manufacturing factory that could be located in Guatemala, Costa Rica or El Salvador.
In an interview with Larepublica.com.co, Fajardo also announced a $26 million investment in a new tube manufacturing plant for transporting water in Brazil.
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