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).
In the context of the tense diplomatic and commercial relationship between the two world powers, Central American countries could have the opportunity to attract new investments, as it is estimated that some American companies would need to migrate their operations to the American continent.
As a result of the tension between the two nations, Mauricio Claver-Carone, an advisor to President Trump, believes that U.S. capital, which currently generates thousands of jobs in China, will turn south of the U.S. borders.
The health and economic crisis will result in a reordering of foreign investment at the global level, and countries like Central America will have the opportunity to take advantage of their geographical position to attract fresh capital.
The outbreak of covid-19 worldwide will cause a drop in production in 2020, however, by 2021 and 2022 the forecasts of international organizations anticipate that economic activity could rebound, a rise that would be coupled with new investments in various markets and sectors.
In order to redirect public resources due to the covid-19 outbreak, the government decided that investment projects that have not started to be implemented and those that are at an advanced stage will be suspended.
A letter signed by the Minister of Finance, Nelson Fuentes, and sent to the heads of state institutions, explains that the programs and projects contained in the Budget and Annual Public Investment Program Law (PAIP) are suspended.
The American clothing and accessories brand Banana Republic opened its first store on Avenida Escazú and has a 300 square meter customer service area.
AR Holdings, administrator of the franchise, reported that this is the first of several stores that the conglomerate plans to open in the coming years in the region, specifically in Guatemala, Panama and the Dominican Republic.
An apartment tower in Honduras, the construction of a road in Guatemala and a multipurpose tower in Panama are part of the investments announced in the region for the coming months.
The interactive system "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects to be developed in the coming months.
In January 2020, investment in new construction, additions and repairs amounted to $109 million, 53% more than reported in the same period last year.
This increase occurs in an unfavorable context, since last year the construction activity in the country continued to decline for the second consecutive period, since between 2018 and 2019 the total investment fell 14%, a rate lower than that reported between 2017 and 2018, of -39%.
The business group Excel Automotriz opened a new service center of 7,600 square meters, which is located in zone 10 of the country's capital.
Company representatives reported that the facility has exhibition space, offices, workshop, sales area for new vehicles and spare parts, and a parking lot with capacity for more than 30 cars.
After investing $7 million, Grupo Monterrey began operating a factory in the municipality of Amatitlan with the capacity to produce 4 million blocks per month.
The industrial plant, whose facilities have an area of 4 thousand square meters, is located at kilometer 32 on the Pacific route, in the Rancho Grande industrial park. The factory has a mega blocks machine with European technology and a temperature-controlled warehouse for drying the block.
In El Salvador, the electricity distribution company Delsur announced that this year it plans to invest in building a substation, increasing power transfer capacity and electrifying rural areas.
Directors of the company reported that for this year it is considered to start the construction of the new substation El Volcán, which will serve as an energy supply point for the metropolitan area of Santa Tecla and will require about $2.6 million.
AES Panama announced that during 2020 it will invest in the construction of four photovoltaic parks, which will have an installed capacity of 10 MW each.
The development of the parks that will be located in the provinces of Herrera, Los Santos and Chiriqui, will be in charge of Elecnor S.A., the company to which AES Panama awarded the construction contracts.
Electricity distributor AES El Salvador announced that this year it plans to invest $36 million in modernizing the network, which includes the renovation of 8,120 residential and industrial meters.
The company's directors informed that they are contemplating works to expand the electricity distribution networks, the renovation of smart meters, the maintenance of overhead lines and the growth in the construction of underground networks.
In Honduras, the National Congress approved a decree that guarantees the investment of $20 million in a series of road infrastructure projects in the city of La Ceiba.
The decree contemplates that the funds will be used to build the extension of "Calle 8" with two lanes starting from "La Amistad" Boulevard, connected to the street that leads to the Air Base, including a grade change that connects with the CA-13 highway, reported the National Congress.
Construction activity in the country continued to decline for the second consecutive year, as total investment fell 14% between 2018 and 2019, slightly less than the rate reported between 2017 and 2018 of -39%.
The latest report from the General Comptroller of the Republic, explains that in December 2019 the cost of new construction, additions and repairs totaled $56 million, an amount that is 30% less than that reported in the same month of 2018.
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