Bomerics, a company engaged in the manufacture of medical devices, announced that it will invest in the expansion of its operations plant located in Zona Franca Zeta, province of Cartago.
The new facilities will have an area of 10,200 m2, which doubles the 4,600 m2 it currently has. According to a press release from the Costa Rican Coalition of Development Initiatives (Cinde), the investment will allow the company to develop a full-service, vertically integrated business model.
Kimberly-Clark is investing in the purchase of machinery with new technology and the refurbishment of its toilet paper and napkin production plant, which operates in the municipality of San Juan Opico, El Salvador.
The investment will focus on renovating the 13,164-square-meter operating facility. With this investment, the company expects to increase the production capacity of its Scott and Kleenex lines by 30%.
America Free Zone, located in Heredia, Costa Rica, plans to execute an investment plan in the next few years totaling close to $120 million and contemplates the implementation of electro-lane stations and the construction of new infrastructure.
Executives of the business complex informed that up to now they offer their clients 200 thousand m2 of space for business activities, but the medium-term plans are to add another 60 thousand m2.
In Guatemala, the Miel Verde project, Special Public Economic Zone, was approved. In its first phase of development, it will require an investment of close to $4 million and will be located in the municipality of Río Hondo, department of Zacapa.
The new special zone will have a total area of 23,544 square meters, however, in the first phase only an area of approximately 5,173 square meters will be developed.
Between 2020 and 2023 Nevro plans to invest $21 million in the commissioning of an industrial plant of more than 3 thousand square meters in the Coyol Free Zone, in Alajuela.
The company based in California, United States, is dedicated to the manufacture of medical devices that are demanded by patients suffering from debilitating chronic pain, reported the Costa Rican Coalition of Development Initiatives (Cinde).
The U.S. company, which still operates a plant in the country for the production of sandpaper and adhesive tapes, has begun the process of relocating its operations, which includes the closure of the factory operating in Heredia.
According to information released by the company, the closure of the industrial complex located in Santa Rosa de Heredia, follows a business strategy and is not a consequence of the economic crisis that generated the outbreak of covid-19.
Panamanian President Laurentino Cortizo, sanctioned the law that creates the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services related to Manufacturing.
After the <a href="https://centralamericadata.com/en/article/home/Aval_a_ley_de_Empresas_Multinacionales" target="_blank">deputies of the Panamanian Assembly approved in the third debate last month the bill that aims to promote investments in this context of economic crisis that derives from the outbreak of covid-19, the President of the Executive sanctioned the regulation on August 31, 2020.
In order to house companies that are about to start operations or for companies that need to expand their operations in Coyol Free Zone, the Costa Rican industrial complex is building new infrastructure for an area equivalent to 67,347 square meters.
According to information disseminated by the industrial park located in Alajuela, Costa Rica, 17,725 square meters are currently being built, corresponding to new expansion processes of companies already installed and requiring more physical space to operate.
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).
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.
The Cabinet authorized the Minister of Commerce and Industry to submit to the Assembly a bill to create the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services Related to Manufacturing.
If quarantine and mobility restriction measures are extended by two months, annualized demand for carton packaging in the region is forecast to decline by 9% in 2020, and if extended by three months, the decline could be as much as 13%.
During January in the Dominican Republic the Monthly Index of Manufacturing Activity registered a 4% decrease with respect to the previous month, variation that is explained by a contraction in the volume of sales and production.
When comparing the figures with those reported at the end of 2019, an increase is registered, since in January the Monthly Index of Manufacturing Activity (IMAM) of the Association of Industries of the Dominican Republic (AIRD) increased to 62.5, while in November 2019 it was 53.2 and went up to 58.7 in December 2019.
During January, Salvadoran manufacturing exports totaled $492 million, an amount 4.9% higher than that reported for the same month in 2019.
Exports from El Salvador in January 2020 totaled $509.8 million, $26.5 million more than in January 2019, with a 5.5% year-on-year growth, while in terms of volume it grew 23.7%, reported the Central Reserve Bank.
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).
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