Jumex puts plant in El Salvador up for sale

Grupo Jumex put their factory in El Salvador up for sale, eight months after announcing they would stop making juice in El Salvador (ElSalvador.com). The Corporación de Exportadores de El Salvador (Coexport) Executive Director Silvia Cuéllar confirmed a few companies have already expressed interest and made visits to the space. Jumex Vice-President and General Director Manual Martínez said the company had decided to reduce their investments in Central America due to the changing situation in the region and issues such as tariffs and trade barriers. Martínez claimed the previous benefits to manufacturing in the region have declined, while production costs have increased by 40 percent in El Salvador due to the strong dollar (Forbes). Martínez added, the company planned on focusing on their production in Mexico and exports to the U.S.