It is estimated that in the context of the spread of covid-19 in the country, eight out of ten companies in the industrial sector have reduced their sales and six out of ten have seen their distribution capacity affected.
The Chamber of Industry of Guatemala (CIG) conducted a survey to calculate the impact of the current health crisis on the operations of the country's industrial companies. One of the most worrisome results was that most companies have reduced their cash flow.
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).
The Walmart supermarket chain plans to expand and remodel its distribution center located in the municipality of Villa Nueva, department of Guatemala.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Operadora de Tiendas S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called, "Distribution Center of Guatemala."
For the time that the State of Emergency is in effect, the authorities ordered the paralysis of the activities of the production plant of the company ADOC, located in Montecarmelo, Soyapango.
On May 14, the company faced an inspection by the Ministry of Labor, in which seven inspectors, escorted by agents of the National Civil Police, a contingent of soldiers from the Armed Forces and reporters, demanded to verify the working conditions in the production of supplies for the emergency, the company reported.
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.
Faced with the health crisis affecting the Salvadoran economy, businessmen from the industrial sector asked the government to postpone income tax declarations until June 2020.
Another of the specific requests of the Salvadoran Association of Industrialists (ASI), is the prompt refund to exporters of Value Added Tax, through Treasury Notes.
In order to mitigate the effects that will derive from the covid-19 crisis, businessmen of the industrial sector of Guatemala ask the government to adjust the measures in aspects such as banking, credit, labor and tax.
Economic activity will be reduced, which we are already experiencing. Therefore, it is important to take measures at both the health and economic levels to reduce the impact, explains a statement from the Chamber of Industry of Guatemala (CIG).
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.
Because of restrictions on the movement of heavy cargo in Guatemala City and the high cost of land, more and more companies are choosing to move their operations to neighboring municipalities.
According to estimates by directors of the developer Calidad Inmobiliaria, the cost of land has risen significantly in the country's capital, since in the areas near Atanasio Tzul and Petapa Avenue, in Zone 12, the cost of the square fence is over $350, while in the municipality of Amatitlán it ranges between $100 and $150.
The Costa Rican Social Security Fund is tendering the supply of medicinal and industrial gases at the regional level, under the delivery-on-demand modality.
Costa Rican Government Purchase 2020LN-000001-2299:
Grupo Elcatex inaugurated the first phase of the San Juan Innovation Park in Choloma, which has 107 thousand square meters of construction and required an initial investment of $240 million.
In its first stage of development the industrial complex has a cotton spinning and blending plant, a textile plant and an electricity generating plant with a capacity of 57 MW.
With a $41 million investment, a Nike sportswear manufacturing plant will be built in San Pedro Sula.
Businessmen from Grupo Kattán and Corporación Tegra Global, informed that the new industrial site will have an area of 63 thousand square meters and will be located in the free zone of Inmobiliaria Hondurena del Valle S.A. (Inhdelva).
During December of last year in the Dominican Republic, the Monthly Index of Manufacturing Activity did not register significant variations, when compared to the level reported at the end of 2018.
When comparing the level registered between November and December 2019, an 11% monthly increase is reported in the Monthly Index of Manufacturing Activity (IMAM), going from 53.1 to 58.7, according to figures from the Association of Industries of the Dominican Republic (AIRD).
Code Development Group announced that it plans to build a new free zone in Grecia de Alajuela, Costa Rica, which would house companies in the high technology sector.
Directors of Code Development Group, who are also part of the group of partners of the Free Zone of Coyol, reported that the new business park would be named "Code" and that the project already has the endorsement of the municipality of Greece.
The American Aalfs Uno, which operated in the municipality of Sébaco, in Matagalpa, closed its operations in the country due to a reduction in the number of contracts.
The closure of the company was made official by directors of the Nicaraguan Association of Textiles and Apparel Industry (Anitec), who say it is the first company in the U.S. capital sector to close in the country.
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