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).
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.
While a group of manufacturing companies decided to reduce their operations in Costa Rica, arguing that local production costs are high, another group of companies in the sector decided to increase their investments.
According to the most recent official data, during August 2019 the growth of economic activity in the manufacturing sector was 2.5%, explained by increased external demand for products from special regimes companies, particularly medical implements and steel products such as bars and sheets. This contrasts with the decline in manufacturing activities for the domestic market. See report of the Central Bank of Costa Rica.
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 decline in the production of food products and beverages, influenced that during the first half of 2019 in Panama reported a 4.6% year-on-year fall in the production volume of manufacturing companies.
The behavior of the manufacturing industries, observed through their global integrated indices of volume, prices and value presented, for the first semester of 2019, compared with the same period of the previous year, decreases in the order of 4.6%, 0.5% and 5.0% respectively, informed the General Comptroller's Office of the Republic.
After July's Monthly Manufacturing Activity Index in the Dominican Republic registered a 12% year-on-year increase, August reported a 5% drop with respect to the same month in 2018.
Regarding the year-on-year variation, the report details that the Monthly Manufacturing Activity Index (IMAM), prepared by the Dominican RepublicIndustries Association (AIRD), decreased from 64.6 in July to 60.1 in August.
After several months of being on the decline, in July the Monthly Manufacturing Activity Index registered a year-on-year increase of 12%, explained by the increase in sales volume.
The Monthly Manufacturing Activity Index (IMAM) of the Association of Industries of the Dominican Republic (AIRD) rose from 53.2 in June to 64.6 in July 2019, showing a very favorable trend and positive expectations in the conjuncture, informed the guild.
Searching for home furnishings, accessories, clothing and gifts, more than 150 local and international buyers will participate in the New World Crafts Fair, to be held in Antigua on September 24 and 25.
From the Agexport statement:
AGEXPORT's Handmade Commission prepares for the 12th. Edition of the New World Crafts Fair (NWC), the most important marketing platform for handmade products from Guatemala in the region and one of the main in Latin America, which will take place on September 24 and 25, 2019 at the Hotel Casa Santo Domingo, Antigua Guatemala.
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