In a context of slowdown in industrial activity and loss of jobs, the industrialists' union of El Salvador calls for a policy of attracting investment through incentives and reviewing and taking advantage of existing trade agreements.
El Salvador's industrial sector registered a 0.9% growth in the first half of 2019, two percentage points less than last year during the same period, a fact that shows that economic growth in El Salvador remains slow and low, remaining at 2%, reported the Salvadoran Association of Industrialists (ASI).
In an area of 39 thousand square meters located in the village of Pacora, the plans are to build an industrial building that will be used by a company manufacturing metal structures.
Industria Correagua, S.A. presented to the Ministry of Environment the Environmental Impact Study (EIA) called "Construction of Gallery No. 2".
While a group of manufacturing companies decided to reduce their operations in Costa Rica, arguing that local production costs are high, another group of companies in the sector decided to increase their investments.
According to the most recent official data, during August 2019 the growth of economic activity in the manufacturing sector was 2.5%, explained by increased external demand for products from special regimes companies, particularly medical implements and steel products such as bars and sheets. This contrasts with the decline in manufacturing activities for the domestic market. See report of the Central Bank of Costa Rica.
The second project was authorized in Guatemala to install a Special Public Economic Development Zone, which will require an initial investment of $16 million and will be located in Pajapita, department of San Marcos.
"Puerta del Istmo" is the name of the industrial park, which will be on a 160-hectare site and will house industrial and logistics companies. In its first phase it will require a $4 million investment and in its second phase it plans to invest $12 million.
Because of the fall in sales and the slowdown of the local economy, the company Vicesa announced the dismissal of 254 employees working at the plant in Cartago, Costa Rica.
The company reported that it made the decision, given that in the last two years its traditional markets showed marked economic instability, a situation that generated less demand for its products.
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.
After investing $100 million, Edwards Lifesciences opened its second heart valve manufacturing plant in La Lima, Cartago.
The 24,455-square-meter industrial plant is located in the La Lima Free Zone industrial park, according to the Costa Rican Coalition of Development Initiatives (Cinde).
Bridgeston announced that it will build an electric substation in Costa Rica at its tire production plant, which is located in Ribera de Belen, Heredia.
The company dedicated to the manufacture of tires reported that the Costa Rican Institute of Electricity and Siemens, will be in charge of the development and installation of this new substation.
In the municipality of Acajutla, the Monterrey business group began construction of an industrial plant with the capacity to produce 120 thousand tons of cement per year.
Executives of the company of Guatemalan origin, reported that the construction of the industrial plant will be done on a 10-block lot that is on the road connecting Acajutla and Sonsonate.
The company Medtronic inaugurated in Coyol Free Zone its new plant dedicated to the manufacture of precision medical devices, an investment with which it seeks to double its operations in the country.
Medtronic has a commercial presence in Costa Rica since 2015. Between 2017 to date, it has grown from 140 to more than 500 employees, and its plant manufactures components for medical devices used for spine surgeries, which are sold in several parts of the world, reported the Costa Rican Coalition of Development Initiatives (Cinde).
Kimberly-Clark announced that it will invest in its personal care manufacturing plant, distribution complex and global service center.
The investment will bring state-of-the-art technology to the factory in Cartago to support the increased production of its baby and child care and women's care businesses, according to the Costa Rican Coalition of Development Initiatives (Cinde).
With the increase in the production capacity of its industrial plant in Guatemala, the manufacturer of painting tools, Farbe International, expects to produce 6 million brushes and 13 million felts or rollers per year.
Representatives of the company, which is part of Grupo Solid, assured that with this investment the plant located in Palín, Escuintla, becomes the largest in the region. From now on, it is expected to produce in one day what used to take them a month.
The site is in Sardinal de Carrillo, Guanacaste. It has a construction area of 51 thousand square meters, 2 sheds and a refrigerated network of 7 chambers for product maintenance and 2 freezing tunnels.
In a statement issued by the government, it is indicated that on July 24 began operations the first stage of the Regional Wholesale Market Chorotega, in which some 6,500 producers of Guanacaste and Upala will market their products directly.
Puerta del Istmo, Centro Logístico Quetzal and ZDEEP Piedras Negras, are the projects advancing in Guatemala in the process of becoming Zones of Special Public Economic Development.
Although in Costa Rica the level of unemployment of buildings in industrial parks is 8%, some precincts are facing threats, since companies could leave them because of the traffic congestion in the area where they are located and the travel time of employees.
For Colliers, other threats faced by industrial parks in the country to have their facilities unoccupied are that companies have several sites for the separation of their processes and competition for human resources.
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