Free Zone Aiming for Footwear and Auto Industry

ProNicaragua seeks to attract companies from the footwear and auto parts industry to operate in the country's free zones.

Monday, January 2, 2012

Javier Chamorro, Executive Director of the investment promotion agency, ProNicaragua, noted that they are seeking to "generate development poles" in these two sectors.

The meeting with business people from the automotive sector is scheduled for February and aims to gather 15 companies, while the footwear event will take place in June and will bring together about 45 companies from Asia, Europe, the USA and South America.

"Currently operating in the country are the car chasis companies Arnecom (Mexican-Japanese capital) and Draexlmaier (German capital). In the footwear sector are the shoe manufacturers SCA Footwear Nicaragua and Techshoes (both Brazilian investment) and a company founded on Taiwanese capital that makes shoe boxes", reported Laprensa.com.ni.

More on this topic

$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.

Business nervous over closing of Nicaragua's maquilas

June 2008

An announcement about the closing of various plants of the international consortium Nieng Hsing has raised anxieties in Nicaragua's business community about the future of the free trade zone and its 14,000 workers.

Nieng Hsing, which has operated in Nicragua since the 1990s, has already closed five of its plants.

International Footwear Fair in Nicaragua

March 2012

On 13th and 14th June an event entitled "Nicaragua, the Right Step for Footwear Manufacturing" will bring together industry associations, manufacturers of global brands and international buyers.

The global forum for the footwear industry, "Nicaragua, The Right Step” will bring together 30 participants from Brazil, the USA, Italy and Central America.

Nicaragua is a Land of Opportunity

March 2009

FTAs, a skilled workforce and the proximity to strategic markets are among the attractions for investors in Nicaragua.

In its April 2009 issue, Revista Summa will publish an exclusive interview with Javier Chamorro, Executive Director of ProNicaragua which is directed at getting to know the advances in attracting foreign direct investment and the plans that will be developed during 2009.

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