Monday 20 September 2021

Costa Rican Plastics Firm Heads For Nicaragua

Paying the bills

Latest

1,308 complaints about parties and agglomerations this weekend

QCOSTARICA - Police actions to enforce health regulations do...

Today’s Vehicle Restriction September 20: Plates ending in “1 & 2” CANNOT circulate

QCOSTARICA - For today, Monday, September 20, despite being...

Athleta women’s brand opened its first store outside North America in Costa Rica

QCOSTARICA - Gap Inc.'s Athleta brand announced the opening...

Carlos Alvarado: Vaccine retention ‘delays global solution and increases risk of new virus variables’

QCOSTARICA - Costa Rica President Carlos Alvarado showed his...

Top 8 Ways To Make Money in 2021

There are many legal ways to make money in...

Otto Guevara compares Daniel Salas with a dictator for sanitary measures

QCOSTARICA - The vehicle restriction of odds and evens...
Paying the bills

Share

Yanber-modificado-operaciones

COSTA RICA NEWS – A company producing polyethylene products has closed part of its operation in Costa Rica due to the high cost of production, mainly electricity, in the country and transferred its factory which is now operating in Nicaragua.

[su_pullquote class=”H2″]Click here for electricity rates in Costa Rica.[/su_pullquote]The high costs that firms have to incur to produce competitively in the country is the main reason behind the partial closure of the Yanber company’s operations in Costa Rica and its transfer to Nicaragua.

- Advertisement -

Samuel Yankelewitz, general manager of the company told Crhoy.com that “… Costa Rica has become a very expensive country to compete in, for example, social security charges for an employee in Nicaragua are between $250 to $275, whereas here they are around $1,000. ”

“… In the plant in Nicaragua, Yanber has 130 people, however, for the moment it does not forsee hiring more staff until the end of the partial transfer of its operations there.

The manager said that it is not only his company considering the option of moving to other Central American countries in search of lower costs, but also some from of the agricultural sector: orange, pineapple and banana producers.”

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

1,308 complaints about parties and agglomerations this weekend

QCOSTARICA - Police actions to enforce health regulations do not stop....

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.