Because of the drop in sales and production volume, in June the Monthly Manufacturing Activity Index in the Dominican Republic decreased 9% with respect to May of this year.
The Monthly Manufacturing Activity Index (IMAM) of the Association of Industries of the Dominican Republic (AIRD) fell from 58.3 in May to 53 in June. Out of the five variables composing the index, the two with the highest weight experienced a decrease with respect to the previous month, explains a guild report.
Through the implementation of data mining and machine learning techniques, companies can improve their efficiency and optimize their production processes.
EDITORIAL
Analyzing large volumes of data to make decisions that result in better results for a company applies not only to the commercial and sales field, but also to other areas of the same or even more sensitive companies: the production process.
Partially explained by an increase in the inventory of raw materials, in September, the Monthly Manufacturing Activity Index in the Dominican Republic registered a 17% increase with respect to the same month in 2017.
The Association of Industries of the Dominican Republic (AIRD) reported that the Monthly Manufacturing Activity Index (IMAM) fell from 61.5 in August to 52.7 in September, which is mainly attributed to the decrease in sales and production. It is kept, for the eighth consecutive month, above the 50.0 limit. It also shows greater than the same period in 2017, when it was at 45.0.
Due to an increase in production and sales, in August of this year the Monthly Index of Manufacturing Activity registered an increase of 15% with respect to the same month in 2017.
The Association of Industries of the Dominican Republic (AIRD) reported that the Monthly Index of Manufacturing Activity (IMAM) increased slightly from 58.4 in July to 61.5 in August, remaining for the seventh consecutive month over the barrier of 50.0 and following the trend shown in previous years for this period.
Explained by an increase in production and sales, in July of this year the Monthly Index of Manufacturing Activity registered a 12% increase compared to July 2018.
The Association of Industries of the Dominican Republic (AIRD) reported that the Monthly Index of Manufacturing Activity (IMAM), increased slightly from 55.6 in the month of June to 58.4 in the month of July, but remains for the sixth consecutive month over the barrier of 50.0
250 international buyers are expected to do business with craftsmen and manufacturing companies in the two trade fairs scheduled for September 26 and 27 in Guatemala.
A call has gone out to SMEs from the sectors of food and beverages, hygiene and personal care, home cleaning, plastic products, cosmetics, and other diverse manufacturers to take part in the business conference that will take place on the 26th and 27th of September 2018 in Antigua, Guatemala.
Microvention Terrumo, manufacturer of neuroendovascular devices, will be expanding its plant in Costa Rica, in order to increase the product lines and units that it exports from the country.
The new facilities are expected to start operating during the third quarter of this year.
In a press release, Marco Bruno, director of the plant, said that"...
The Irish manufacturer of medical devices by contract, Advant Medical, announced its intention to expand its operations with the installation of a plant in Costa Rica.
From a statement issued by the CINDE:
Heredia, Costa Rica, April 4, 2018.Advant Medical, a world leader in services and manufacturing of contract medical devices, recently announced its intention to expand its operations with the installation of a plant in Costa Rica.
The performance of the activities of ready-mix concrete, milling products and alcoholic beverages explains the 2% growth registered by the sector in 2017, reversing the fall reported in 2016.
The Trade Union of Industrialists of Panama (SIP) reported that last year the manufacturing sector's share of GDP was 5.2%, and that the activities which boosted the industry were ready-mix concrete, mill products, alcoholic beverages, animal feed preparations, cements and derivatives, and meats.
The company Sylvania has announced that it will be expanding its capacity to manufacture LED products in Costa Rica with the construction of a new 2 thousand square meter production plant.
Representatives from the company explained to Elfinancierocr.com that "...At the moment, it is in the preliminary draft phase (three to four months for the development of plans and architectural plans), construction could begin at the end of May and is expected to be completed in six months time."
With a $15 million investment, the US company Microtechnologies has expanded its specialized device production plant located in Coyol de Alajuela, Costa Rica.
The company specializes in the design and manufacture of critical miniature components that change the market through its use in platforms such as engine management systems, invasive surgical devices and safety controls for occupants.
From March 7 to 9, a delegation of companies from the industrial and manufacturing sectors of Taiwan will be showcasing their products and holding meetings with local businessmen in Santo Domingo.
"...Taiwanese companies will be showcasing a wide range of products, such as folding solar bicycles, construction materials, hardware, electronic and consumer electrical equipment, security and monitoring systems, molds, parts and accessories for vehicles, footwear and materials, sacks and netting for agribusiness, fire and wastewater pumps, jewelery, electrical materials, aluminum doors and windows, office chairs and parts, PVC soffits, bamboo products, and much more."
The German company Heraeus Medical Components has started operating, in Cartago, Costa Rica, a production plant for medical devices, including guidewires and catheters for cardiovascular access.
From a statement issued by the CINDE:
CARTAGO, Costa Rica - February 1, 2018- Heraeus Medical Components today celebrated the grand opening of its new production plant with state-of-the-art technology, which highlights its commitment to its global clients, with innovation and growth in Costa Rica.Recognized as one of the leading providers of medical supplies in the world, the Heraeus operation in Cartago will play a key role in manufacturing its Finished Devices business line. This line includes guidewires and catheters for cardiovascular access. To meet the needs of its clients, which are always evolving, Costa Rica is now part of the global operation of Heraeus Medical Components, which has facilities in Germany, Switzerland, the United States, Puerto Rico and Singapore.
The Monthly Index of Manufacturing Activity of Dominican industrialists recovered during October, after registering a sharp drop the previous month.
From a report by the Association of Industries of the Dominican Republic (AIRD):
The Monthly Index of Manufacturing Activity (IMAM) of the Association of Industries of the Dominican Republic (AIRD) recovered during the month of October after a sharp drop in September, rising from 45.0 to 55.0, placing itself above the 50 points barrier. The graph shows the historical evolution of the Index.
A study by Procomer analyzes the market for the manufacture of medical devices in the North American country, made up of 5,348 companies, of which 91% are small businesses.
From the executive summary of the Procomer study "Medical Device Industry in Canada":
The Canadian medical device industry, was valued at $ USD3.107 million in 2015, it is characterized by being integrated to all the links of the value chain, from applied research to the manufacture of the final product, favored by factors such as availability of human talent, the facility for carrying out clinical studies and a collaborative environment between industry, government and research centers.
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