Salt Producer “Nicasal” Expands To the Region

Nicaragua’s only salt producer is planning its expansion to Costa Rica and Honduras.

Wednesday, March 10, 2010


©image: włodi

Oscar Vargas, CEO of Nicasa, (mixed company owned by Unión Fenosa and Albanisa), explained they have invested $2.6 million in the production plant, and are now capable of producing 550 quintals per hour, with 99% purity.

Vargas told Laprensagrafica.com: “We plan to turn out 25.000 quintals each month, 3.000 more than December 2009. We expect Congress to have passed Law 638 by then. With it, everyone will be forced to purchase fortified sugar”.

More on this topic

El Salvador: $30 million IDB loan for Small Businesses

September 2011

The loan will benefit more than 1,000 producers by providing access to co-financing for enhancing trade capacity.

A press release by Inter-American Development Bank (IDB) states:

The Inter-American Development Bank (IDB) has approved a loan of U.S. $30 million to El Salvador for the program of Development Support Production for International Integration, which will increase the ability of micro, small and medium enterprises (MSMEs) to participate in national, regional and global value chains.

Diversifying Export Markets

May 2010

If we take into consideration which economies fared better in the crisis, we should seek trade partners in Asia and not in Europe.

Manuel Hinds analyzed El Salvador’s economy and exports, and his findings can be applied to the entire region. Costa Rica has already started the essential road to diversify its exports markets by closing Free Trade Agreements with China and Singapore.

Nicaragua Looking for New Export Markets

December 2010

Next year, the Center for export aims to open non traditional markets such as China and Russia.

Roberto Brenes, general manager of the Center for Exports and Investment in Nicaragua, in his final report for 2010, noted that an increase in exports is expected for 2011, as external markets recover.

Simple, Cheap and “Green”

June 2010

The global market adds 50 million consumers each year. Is your company ready to take advantages of theses new opportunities?

If Herb Meyer’s prediction of 50 million new consumers per year is accurate, as was his conjecture that the Soviet Union would fall, it may be crucial to get ready to what he labels “the greatest change the world has ever seen”.

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