Saturday, June 27th, 2015 | USD: Buy 528.81 / Sell 541.11
The company produces plastic grocery bags, packaging, as well plastic sheeting for the protection of fruits used in the agricultural sector.
The president of the company, Samuel Yankelewitz, cited a high cost of labor in Costa Rica and high utility costs, especially electricity.
The company was founded in Costa Rica and has been operating here for some 50 years.
The Chamber of Industry and business leaders have reiterated the urgency in solving high utility costs in Costa Rica, especially electricity, which business leaders say severely affects the country’s competitiveness.
Minister of the Presidency, Melvin Jimenez has said that the high cost of electricity is one of the problems “inherited” by the administration of President Luis Guillermo Solis from the administration of former president Laura Chinchilla.
President Solis will deliver his administration’s “First 100 Days” report tomorrow.