Arguing that there is greater potential for sustainable and profitable expansion in Nicaragua and Guatemala, the Mexican business group dedicated to dairy production decided to close the operations of its production plant in Costa Rica.
Arguing that the decision is due to the commitment of the search of the profitability, from November 8 the Spanish company of transport by application will stop offering its services in Santo Domingo and Panama City.
As a result of a constant process of analysis of the markets in which it operates, the company has made the strategic decision to stop its service in both capitals, the company said in a statement.
Businessmen and authorities agreed that from June 16 will begin the reactivation of productive activities, and it is estimated that within 100 days the economy will be functioning at 100%.
After almost three months of restrictions to the mobility of people and the suspension of productive activities, derived from the outbreak of covid-19 in the country, agreements were reached at the Economic Reactivation Table.
For the time that the State of Emergency is in effect, the authorities ordered the paralysis of the activities of the production plant of the company ADOC, located in Montecarmelo, Soyapango.
On May 14, the company faced an inspection by the Ministry of Labor, in which seven inspectors, escorted by agents of the National Civil Police, a contingent of soldiers from the Armed Forces and reporters, demanded to verify the working conditions in the production of supplies for the emergency, the company reported.
In an effort to contain the advance of covid-19, starting March 19 and for a period of 14 days, the country's shopping malls will be closed.
The Presidency informed that all the shopping centers in the country will remain closed, however, supermarkets, bank agencies, and pharmacies inside them may remain open, as ordered by President Nayib Bukele.
Identifying critical business needs and setting up plans on how to maintain supplies and operations, as well as establishing communication channels with suppliers to be informed in case of any eventuality, are part of the advice for companies.
The coronavirus has already affected the world economy, and its effects do not seem to stop. With countries in quarantine, financial markets in the black and international trade diminished, the economic outlook is not very encouraging, explains a document from the Guatemalan exporters' union.
The Salvadoran Civil Aviation Authority has temporarily suspended its operating permit and granted it a period of 90 days to decide whether or not to stay in the aviation market.
The company must decide its future in a maximum period of three months, as established by the Civil Aviation Authority of El Salvador.Its executive director, Jorge Puquirre, told Elmundo.sv that"... 'Their argument (the CASI) is based on current aircraft not being profitable under the terms of the low cost tickets offered'. However, 'they are already in talks with other operators looking to lease other smaller aircraft'. If the company decides not to stay in the market, the Civil Aviation Authority has the legal power to 'cancel the operating permit permanently'."
The airline of Salvadoran origin will suspend its operations for three months to resolve "financial problems" and a carry out restructuring.
The airline that in late 2014 announced flights between the capitals of Central America for $199 for two people, is now facing financial problems that has forced it to close its operations for at least three months in order to restructure the company.This was confirmed to Elsalvador.com by the principal adviser to the group ofcompanies Alba and by Vuelos Económicos Centroamericanos (CASI), José Luis Merino.
The corporation has decided to suspend operations indefinitely "due to the continuing deterioration of economic and business conditions ."
From a statement issued by Kimberly-Clark:
CARACAS, Venezuela, July 9, 2016 / PRNewswire / - Kimberly-Clark Corporation (NYSE:KMB) today announced the indefinite suspension of all operations in Venezuela, with immediate effect, due to the continuing deterioration of economic and business conditions.
The airline has suspended its flights between Mexico City and Caracas indefinitely, due to the complex economic environment prevailing in the country.
From a statement issued by Aeromexico:
Mexico City, 23 June 2016.- Aeromexico, Mexico's largest airline, announced that - almost five years after starting the operation between Mexico City and Caracas - it has decided to suspend these flights indefinitely, due to the complex economic environment prevailing in the country.
Five days after announcing the suspension of operations because of insecurity, Industrias La Constancia has announced the resumption of works at the plant.
From a statement issued by Industrias La Constancia:
San Salvador, March 9, 2016. We appreciate the support and understanding of our customers, consumers, suppliers, contractors and friends during the extraordinary situation which forced us to temporarily suspend operations of Agua Cristal.
The Mexican juice maker has announced the closure of its production due to a reorientation of investments at the regional level.
The company announced through a press release the closure of operations starting from February 26 in the Central American country, where it set up in 2009 and in which invested about $20 million. After closing the factory, the company will keep only the marketing and distribution of products in the country.
The company founded on Costa Rican capital, Jack's Foods, has announced that within five years it will transfer 50% of its production activities to Nicaragua, El Salvador and the United States.
From a statement issued by Alimentos Jack's:
Alimentos Jack's, a company founded on 100% Costa Rican capital, has decided to continue its expansion outside of Costa Rica and is planning to transfer 50% of its operations within five years, to the United States, El Salvador and Nicaragua.
Noting high production costs, Incesa has announced the closure in Costa Rica of its sanitary ware manufacturing plant, and its installation in Guatemala and Nicaragua.
Incesa Standard, a subsidiary of the Colombian company Corona, will start closure of operations gradually over the first six months of the year. The company argues that in the production process costs for labor and energy are very high, preventing the continued operation of the plant in the country.
An unfavorable business environment has forced the retailer Max, a subsidiary of the Guatemalan Distelsa Group, to close six stores after ten years of operation in the country.
Difficulties in achieving sales targets proposed by the company and unfavorable investment conditions in the country are part of the reasons that led the company to close its Max stores in El Salvador.
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