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.
Businessmen in the sector report that at the end of September 2019, industrial activity shows a 1.3% recovery, leaving behind the falls registered in 2018 and part of 2019.
According to the Industrial Activity Index, prepared by Central American Business Intelligence -CABI- and presented by the Chamber of Industry, at the end of September 2019, industrial activity shows a positive recovery of 1.3%, leaving behind the falls registered in 2018 and part of 2019.
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.
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.
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.
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.
The tariffs that will be applied according to the categories established in the regulation, published in the Diario de Centroamérica on June 28th, were effective.
In Guatemala, the first project to install a Special Public Economic Development Zone was approved, which will require a $14 million investment and will be on the Highway to Puerto Quetzal, Escuintla.
The name of the industrial park, which will be on a 150-hectare site and will house industrial, commercial and service sector companies, is "Michatoya Pacífico" and will require an initial investment of $13.8 million.
Bayer invested close to $42 million in the technological modernization and innovation of its drug production plant in Guatemala.
The renovation of the plant located at kilometer 14.5 of the Roosevelt road consists of changes in production areas, creation of material locks and renovation of part of the machinery that involves automation of certain processes.
Last year, 62 environmental impact studies for the construction of industrial plants were presented in the countries of the region, and Costa Rica represented 73% of the estimated investment.
The interactive platform "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
Lack of legal certainty, lack of investment and excessive bureaucracy are some of the factors influencing industrial activity in Guatemala not to advance in 2018.
The Guatemalan union of the sector reported that the Industrial Activity Index (IAIG) registered a 2% decrease between December 2017 and November 2018, going from 145.67 to 142.70.
Papelera Internacional S.A. invested $33 million in the start-up of a new PM6 mill at its plant in Zacapa, Guatemala.
Company executives informed that with the investment in new machinery, annual production will increase from 42 thousand to 70 thousand tons, and will also allow them to reduce the import of semi-finished paper.
Partly explained by the regimes created to encourage investment in different sectors, countries in the region went from receiving $11 billion in 2016, to $12.1 billion last year.
According to a study by the Center for Economic Integration Studies, in 2017 inflows of Foreign Direct Investment (FDI) in the region reached a record figure of $12.083 billion, registering an increase of 9.8% compared to 2016.When analyzing the period from 2010 to 2017, it can be seen that the inflow of FDI has increased considerably, showing a growth rate of 7.9%.
The foreign investment flows received by Guatemala between January and March totaled $293 million, 7% less than in the same period in 2017.
According to figures from Banco de Guatemala, during the first quarter of 2018, 32% of Foreign Direct Investment (FDI) went to the electricity sector, and 20% went to the manufacturing industry.
In the first quarter of 2018, the manufacturing and services sectors recorded falls of 4,000 and 7,000, respectively, in the monthly average number of affiliates to the social insurance scheme compared to 2017.
One example of the contraction observed in industrial activity is what occured in free zones.The Association of Private Free Zones of Guatemala explained that due to the closure of more than one hundred companies, some 1,500 jobs have been lost.
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