During 2020, 32 environmental impact studies were presented in Central American countries to build and expand industrial plants, with Costa Rica accounting for 69% of the estimated investment.
The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Area, provides an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
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.
The Russian government invested $21 million in the construction and equipping of the plant, which in a first stage will focus on the production of 15 million vaccines against influenza.
According to the government of Nicaragua, the influenza vaccines that will be produced in the plant will be"marketed at best cost in Central America".
Without falling into the bad habit of micro-management, managers should follow the premise of "less deskwork and more walking around the factory."
An article published by the School of Business at the University of Montevideo, points out the need for senior executives and business managers to leave, for short times, the strategic part of their job, in order to be more directly involved in the company's concrete productionprocesses.
Michelin has announced a production plant in Leon, Guanajuato, to manufacture high quality tires for passenger cars and light trucks.
The new plant will be number 21 of the Michelin Group in North America and the 69th worldwide.Michelin's announcement indicates that their location reflects the commitment of the company to produce its tires as close as possible to the markets where its customers are based.
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.
The Multilateral Guarantee Investment Agency has awarded the Colombian company Corona a guarantee of $11 million to build a plant to manufacture ceramics for bathrooms in the country.
From a statement issued by the Multilateral Investment Guarantee Agency (MIGA):
The Multilateral Investment Guarantee Agency (MIGA), and entity of the World Bank Group which offers political risk insurance and credit enhancement mechanisms, today announced its support for the acquisition, expansion and modernization of a plant for bathroom ceramics in Managua (Nicaragua) belonging to Corona, a ceramics manufacturing company based in Colombia. The investment will increase the availability of sinks and toilets in the country, which is facing major sanitation deficiencies, above all in poor rural areas.
North American entrepreneurs in the footwear sector have emphasized the advantages of the Nicaraguan industry as providers of high heel shoes for ladies.
Surpassing China, Vietnam, Cambodia, Indonesia and Bangladesh and ranking below average in cost of quality leather shoes ($ 3.30 per pair), manufacturing soles ($ 0.43) and the development of a pair women shoes ($ 8.17), Nicaragua has become highly attractive as a destination for industry manufacturers and a candidate for a strong manufacturer and exporter of women's shoes.
As alternatives to the current difficulties in the marketing of fresh bananas, banana and plantain flour and frozen products are being considered.
Setting up a manufacturing plant for banana flour capable of processing 40 million units of the product, is the plan of the company Exportadores y Productores del Sur (EXPROSUR), which brings together some 12 large banana producers located in the department of Rivas who cultivate about 2,000 fields.
After several years of inactivity the old facility of Pride Denim Mills will restart operations next week.
The first production to be released in the next few weeks will target local clothing companies operating under the free zone regime, but they expect to export cloth to Honduras, Guatemala, the Dominican Republic and Haiti in the short term.
According to the general manager of the company, Georges Sam, "about $2 million has been invested for its preparation and to operate it: $1 million in equipment maintenance and the rest in training workers and infrastructure improvements."
The Salvadoran company Postes de Concreto S.A. has built a factory with a capacity to produce 125 concrete posts a day.
"Two years ago we began to operate in Tegucigalpa, Honduras, after having consolidated ourselves in El Salvador and in 2015 we thought about investing in Panama," said Mauricio Avalos, president of the company, explaining that the opening in Nicaragua is part of its strategy of expansion into Central America.
With an investment of $35 million and under the name Pride Denim Mills the textile the plant will restart operations in early 2014.
The textile company, which was acquired by Grupo Karim’s de Honduras announced the creation of "600 jobs to produce about 28 million yards of denim a year, which is the production capacity of the plant," noted an article in Laprensa.com.ni.
Petaquilla Gold, the largest gold mine in Panama, has announced a plant for the manufacture of tiles, bricks and slates based on clay residues from the metal extraction process.
Petaquilla Gold is venturing into the production of building materials to create a clay products factory, Petarcilla SA, which will use waste from the grinding and extraction process at the Molejón gold and silver mine.
The Taiwanese company, Speed Tech, has confirmed plans to install a solar panel factory with an investment of $10 million.
The announcement was made by the presidential delegate for investment, Alvaro Baltodano, who said: "They, after the exchange (the talks) confirmed the decision to invest in Nicaragua and we hope that in August when a very important investment meeting, organized by Pro Nicaragua, will be held in Nicaragua, these investors will come and we hope that Taiwan officially announces (the plans) there. "
The Taiwanese factory, which will open in Granada between June and July, required an investment of $2 million.
The industrial boot production plant belonging to the Taiwanese Aleo Trade Company will start operations by employing over 200 people, and it is estimated to produce 600 thousand pairs per year.
The Elnuevodiario.com.ni website published: "In addition to renting the premises [for the factory], Amaral Consulting Group, is exploring the possibility of partnering with the Pfcresin company and investing $1 million to install a finished leather plant in Grenada for local consumption and for export to Chile, Venezuela and Cuba."
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