Bomerics, a company engaged in the manufacture of medical devices, announced that it will invest in the expansion of its operations plant located in Zona Franca Zeta, province of Cartago.
The new facilities will have an area of 10,200 m2, which doubles the 4,600 m2 it currently has. According to a press release from the Costa Rican Coalition of Development Initiatives (Cinde), the investment will allow the company to develop a full-service, vertically integrated business model.
In Guatemala, the Embotelladora Los Volcanes, which produces and distributes Coca-Cola brand beverages, is executing expansion works at its industrial plant located in the department of Retalhuleu, a project that required an investment of $60 million and is expected to be completed in April 2021.
The project began in March 2019; however, due to the covid-19 outbreak, work was suspended and it was only in the second half of 2020 that work was reactivated.
The Panamanian government issued a favorable concept for the establishment and operation of five free trade zones in the country, which together project an investment of $22 million.
The free trade zones, which will develop diverse economic activities such as agribusiness, scientific research centers, storage of goods, international trade, fruit processing and agricultural production, among others, will be located in the provinces of Panama, Chiriqui and Herrera, informed the Presidency of Panama.
Kimberly-Clark is investing in the purchase of machinery with new technology and the refurbishment of its toilet paper and napkin production plant, which operates in the municipality of San Juan Opico, El Salvador.
The investment will focus on renovating the 13,164-square-meter operating facility. With this investment, the company expects to increase the production capacity of its Scott and Kleenex lines by 30%.
America Free Zone, located in Heredia, Costa Rica, plans to execute an investment plan in the next few years totaling close to $120 million and contemplates the implementation of electro-lane stations and the construction of new infrastructure.
Executives of the business complex informed that up to now they offer their clients 200 thousand m2 of space for business activities, but the medium-term plans are to add another 60 thousand m2.
In Guatemala, the Miel Verde project, Special Public Economic Zone, was approved. In its first phase of development, it will require an investment of close to $4 million and will be located in the municipality of Río Hondo, department of Zacapa.
The new special zone will have a total area of 23,544 square meters, however, in the first phase only an area of approximately 5,173 square meters will be developed.
In a 30-hectare lot located five kilometers from the Container Terminal in Moin, Costa Rica, construction will begin in the first half of 2021, a logistics complex that will focus on the management of local or imported cargo.
The project, called "Plataforma Logística Caribe" (PLACA), will be placed near Route 32, the road section from Limón to San José.
In order to house companies that are about to start operations or for companies that need to expand their operations in Coyol Free Zone, the Costa Rican industrial complex is building new infrastructure for an area equivalent to 67,347 square meters.
According to information disseminated by the industrial park located in Alajuela, Costa Rica, 17,725 square meters are currently being built, corresponding to new expansion processes of companies already installed and requiring more physical space to operate.
From January to June of this year, the constructed area of warehouses and other industrial properties in Costa Rica increased by 58,273 square meters compared to the same period in 2019, which is equivalent to an annual increase of 3%.
Colliers, a firm specialized in real estate, informed that as well as the built area, the availability of spaces in the Costa Rican market also increased. The study specifies that as of June of this year the space of industrial properties without renting was located in 221,156 m2, which is equivalent to a 50% increase with respect to what was reported in June 2019.
IDB Invest granted an $8 million loan to American Industrial Park, owner of an industrial park in El Salvador, to invest in expansion works and the installation of a photovoltaic park for self-powered electricity generation.
The financing, with an 11-year term, will enable American Industrial Park (AIP) to maintain its competitiveness over the medium term by expanding its 17,000 square meter industrial roof. This will enhance the development of this new industrial area, reported BID Invest, a member of the IDB Group.
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).
Portafolio Inmobiliario announced that it will begin the development of the Green Valley Free Trade Zone project, which in its first stage contemplates the construction of a Free Trade Zone located in the municipality of Grecia, province of Alajuela.
The total land on which the project will be located amounts to more than one million square meters, however, its construction will be carried out in stages. In the first phase, 140,000 square meters will be developed, whose investment will be around $10 million in infrastructure and its construction period is expected to be approximately one year, reported the Costa Rican Development Initiative Coalition (Cinde).
During 2019, 56 environmental impact studies for the construction of industrial plants were presented in Central American countries, and Costa Rica represented 58% of the estimated investment.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private constructionprojects that present environmental impact studies (EIS) to the respective institutions in each country.
An industrial plant for the processing of vegetables, fruits, grains, dairy products, roots and tubers will be built in the canton of Coto Brus, province of Puntarenas.
The Costa Rican government awarded the contract for the construction of this industrial complex to the company Vidalco Empresa Constructora. It is estimated that the overall investment will be approximately $3 million.
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