Honduras: $10 Million Taiwanese Investments

A Taiwanese backed international sporting equipment company will begin operations in Honduras in the coming days with an initial investment of $10 million and creating 200 direct jobs, according to Romeo Silvestri, head of the Committee for Special Development Regions of the country's congress.

The arrival of the company that specializes in manufacturing footballs, basketballs and baseballs, is the result of a visit to Taiwan by both the president of congress, Juan Orlando Hernández, and the Honduran president, Porfirio Lobo Sosa, during their recent tour through Asia.

More jobs are expected to be created as operations at the new factory grow.

Source: proceso.hn

More on this topic

$8 Million in Medical Devices

June 2011

The U.S. subsidiary of a Japanese manufacturer of devices for neurovascular interventions has announced it will open a plant in Costa Rica.

A press release states:

MicroVention, Inc., a leader in developing, manufacturing and marketing of devices for neurovascular interventions, announced today it will open its first plant outside the United States in the Free Zone Coyol of Alajuela in Costa Rica.

Taiwan Factory Looks to Invest in Honduras

November 2010

The company Chin Lin, maker of high-definition monitors, analyzes the construction of a manufacturing plant in the country.

The news was announced during a tour of Taiwan by a Honduran delegation, headed by presidential appointee Samuel Reyes.

"The Chin Lin company also manages the One Laptop Per Child program (OLPC) which president, Porfirio Lobo Sosa, will promote in the coming months in order to meet one of his campaign promises," writes Latribuna.hn in an article.

Costa Rica Inaugurates Medical Device Factory

March 2012

The multinational company Covidien has opened a $50 million plant, which will produce supplies for the treatment of cardiovascular diseases.

With an investment of approximately $50 million, the medical products manufacturer Covidien has inaugurated its new medical manufacturing facility in Alajuela on Thursday, which occupies 18,000 m2 in the Coyol Free Zone and will create 350 new jobs.

$10 Million Investment in Footwear

September 2011

TechShoes, a company of Brazilian origin, will establish itself under the tax free zone in Nicaragua.

A new investment comes to the shoe making industry in Nicaragua, where foreign companies are already engaged in the production and export of footwear.

Now is the turn of Techshoes, which will invest $10 million in the first stage and expects to create around 1200 jobs over the next eighteen months in the area near the road from Tipitapa to Masaya.