At the regional level, it is estimated that Mabe Guatemala, Distribuidora Electrónica, GMG Comercial Costa Rica and Mabe de El Salvador accounted for about 23% of total kitchen imports.
A study by CentralAmericaData's Trade Intelligence Unit shows that El Gallo Más Gallo from Alajuela, Whirpool Guatemala and Agencias Wayare other companies with a considerable share of the Central American kitchen market.
In 2016 imports of washing machines and their parts in Honduras totaled $14 million, 13% more than in the previous year.
Figures from the information system on the Market for Washing Machines and their Parts in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAPHIC caption = "Click to interact with the graph"]
The manufacturer of cookers and refrigerators is transferring to Columbia the refrigerator production line it has thus far operated in Costa Rica, where it will maintain a corporate center for the region.
Mabe explained that the reason is due to a change in the technical rules in some Central American and Caribbean countries where they distribute their products. In order to comply with this regulation, it became "... necessary to make modifications to the production line and product design," said Pablo Moreno, director of Corporate Affairs to Elfinancierocr.com.
The appliance maker has announced it will stop manufacturing ovens in Costa Rica and the gradual dismissal of 350 employees.
From a press release issued by Mabe:
Heredia, May 6, 2014. In order to provide greater benefits to our consumers, MABE will make available to the market products with better features and which are more competitive globally.
The company Mabeca has filed an appeal citing unconstitutionality with the Sala IV (Constitutional Court) of Costa Rica, claiming disproportionality in the fine of $2.3 million that has been applied to them.
In August 2011, the Commission to Promote Competition under the Costa Rican Ministry of Economy, found that after the acquisition of Atlas Eléctrica by Mexican company Mabe in 2008, there was a "prohibited concentration" according to the law for promoting competition and consumer protection, and imposed a fine of $2.3 million.
Following the purchase of the Costa Rican company Atlas, the Mexican group Mabe has near total monopoly of the household appliances sector.
The Commission to Promote Competition in Costa Rican’s Ministry of Economy, found that after the acquisition of Atlas, there was a 'prohibited concentration", according to the law to promote competition and consumer protection.
Companies and businessmen will participate in the First Business Fair Cuba-El Salvador.
The meeting takes place as Salvadoran President, Mauricio Funes, visits the country. This is the first visit by a Salvadoran president in more than fifty years.
The business delegation includes pharmaceutical companies, medical supplies, construction and food among others.
The Mexican appliance company, Mabe, that bought out the Costa Rican company, Atlas appliances, last February, cut back on employment in the country.
Diego Ariñano, General Manager of the company for Central America, confirmed that the decision was caused by decreased demand for appliances as a result of the world economic situation
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