In Panama developers are being more cautious when making decisions regarding the construction of industrial projects, as they prefer to build buildings based on the needs and demands of customers.
In the current situation of the country, where investment in new construction, additions and repairs, reports a 9% contraction until October 2019, developers in the industrial real estate market have chosen to migrate to the "Built to Suit" (BTS) leasing model.
During October, in the Dominican Republic the Monthly Manufacturing Activity Index registered a 15% increase with respect to the previous month, variation that is explained by a greater volume of sales and production.
The Monthly Manufacturing Activity Index (IMAM) of the Association of Industries of the Dominican Republic (AIRD) rose from 54.1 in September 2019 to 62.3 in October, showing an upward trend, after two consecutive months of decline, says the union report.
After the Dominican Republic's Monthly Manufacturing Activity Index recorded a 5% year-on-year decline in August, a new drop was reported in September, in this case of 8% with respect to the same month in 2018.
Regarding the inter-monthly variation, the report details that the Monthly Manufacturing Activity Index (IMAM), prepared by the Dominican RepublicIndustries Association (AIRD), decreased from 60.1 in August to 54 in September.
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".
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.
Between 2017 and 2018, the Added Value of Production of the Maquila industry in the country increased by 8.2%, and by 2019 the increase is expected to be 7%.
The Gross Added Value (GVA) of the maquila registered in 2018 an amount of $1.452 million, $110 million higher than the previous year, informed the Central Bank of Honduras (BCH).
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.
From January to June 2019, 35 environmental impact studies were presented in the countries of the region to build industrial plants, and Costa Rica concentrated 74% of the estimated investment.
The interactive platform "Construction in Central America", compiled by the Business 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.
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).
From January to June in Guatemala, the Industrial Activity Index registered a 2% drop regarding the same period of 2018, which is explained by the drop of the chemical and pharmaceutical industries, and mining.
According to the Industrial Activity Index (IAIG) developed by Central American Business Intelligence (CABI), 85% of the negative result of the index is related to macroeconomic aspects, that is, influenced by what happens with the country's economy, and the remaining 15% is determined by industry issues.
The average tariff applied to imports of agricultural products in Costa Rica is 14.1%, while for imported industrial goods, the levy is 5.6%.
The Trade Policy Review of Costa Rica, prepared by the World Trade Organization (WTO), specifies that sausages and similar products are some of the imports on which the highest tariffs have been imposed.
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.
Retention of raw materials by the authorities of Customs and charges to businessmen by the mayors, are some of the problems that are affecting industrial companies in Nicaragua, in addition to the crisis and the rise in taxes.
Directors of the Chamber of Industries of Nicaragua (Cadin) reported that companies in the packaging, beverage and dairy industries are the most affected by the withholding of inputs made by the General Directorate of Customs (DGA).
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).
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