Cold Storage company to invest $7.5 million in El Salvador

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By LatAm Reports Editorial Team

The company plans to build a plant in Quezaltepeque, La Libertad, where they will meet local demand.

The cold and frozen food storage services company, Polartika

Polartika Centroamericana S.A. Storage services company will invest $7.5 million in El Salvador

The company plans to build a plant in Quezaltepeque, La Libertad, where they will meet local demand.

The cold and frozen food storage services company, Polartika Central American, will invest $7.5 million in El Salvador, the Foreign Ministry said.

In a statement, the Foreign Ministry explained that part of this investment will be used to install a plant in Quezaltepeque, La Libertad, and start operations.

The Guatemalan company will meet the national demand from Quezaltepeque and, according to Luis Enrique Motta, owner and president of Polartika, already have contacts and demands for services in the country by 70 percent.

Polartika already had a presence in Guatemala and Honduras and, with this step in El Salvador, plans to carry out its operations in the Northern Triangle region of Central America.

We had already mapped the Salvadoran market for years, but the security conditions did not give. Now, the conditions are very favorable and we are already here,” the company’s president said in a statement.

The Ministry of Foreign Affairs explained that the first phase of the project is included in the acquisition of its own space where they will build their facilities. The government said the company has already formally registered its business.

The company plans to start operations in El Salvador during the last quarter of 2024.

The Ministry of Foreign Affairs assured that as part of its visit to the country, the company will hold meetings with the Agency for the Promotion of Investment and Exports of El Salvador (Invest), the Ministry of Economy, the Directorate General of Customs, among other institutions.

Foreign Ministry said the facilitation of this investment was accompanied by the El Salvador Embassy in Honduras.

Deputy Minister of Foreign Affairs, Adriana Mira, said last January that since 2019, when the current administration began, $161 million was counted in terms of investment through the consulates and embassies.

This article has been translated from the original which first appeared in Diario El Mundo