INTEGRATED PROGRAMME HONDURAS: COMPETITIVE INDUSTRIAL DEVELOPMENT FOR SUSTAINABLE INCOME GENERATION HONDURAS: AN INDUSTRIAL INVESTMENT DESTINATION IN CENTRAL AMERICA UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION economy environment employment Integrated Programme Honduras This document was compiled by UNIDO on the basis of information available from different sources. The information was cleared by the concerned authorities of Honduras. UNIDO and Secretaria de Industria y Comercio, Honduras do not accept responsibility for the accuracy or completeness of the information. The designations employed and the presentation of material in this document do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations Industrial Development Organization concerning the legal status of any country, territory, city or area, or its authorities, or concerning the delimitation of its frontiers or boundaries. Mention of company names and commercial products does not imply the endorsement of the United Nations Industrial Development Organization (UNIDO). This document has not been edited. Integrated Programme Honduras Investment and Technology Promotion Business Information and Investment and Technology Projects List UNIDO in collaboration with SECRETARIA DE INDUSTRIA Y COMERCIO, REPUBLICA DE HONDURAS Integrated Programme Honduras CONTENTS What is Integrated Programme Honduras?................................................... 1 Why Honduras?..................................................................…………….......... 2 Honduras: At a Glance...................………......................................………….. 3 Why to Invest in Honduras?.......................................…………………..............5 Investment Law..................................……...............................…………........5 Guarantees..............................................................................6 Incentives for Investment .........................................................7 Free Trade Zones (FTZs)........................ .......………..................7 Industrial Processing Zones (ZIPs).............................................7 Industrial Property Laws ..........................................................8 Temporary Import Law .............................................................8 Other Laws and Regulations..........................................…..………................9 Human Resources......................................................................................10 International Trade Agreements and Investment Protection.........................11 Summary of Incentives Offered by Honduras...............................................12 Investment and Technology Promotion Institutions in Honduras.................. 13 Public Sector...........................................................................13 Private Sector......................................................................... 14 Major Investors in Honduras.......................................................................15 Investment and Technology Projects List.....................................................16 Agro-Food Industry..................................................................17 Renewable Energy...................................................................23 Wood Processing and Furniture................................................23 UNIDO Investment and Technology Promotion Offices (ITPOs).……….............25 Integrated Programme Honduras Integrated Programme HONDURAS: Competitive Industrial Development for Sustainable Income Generation What is Integrated Programme Honduras? Hurricane Mitch entailed a severeúaggravation of long-standing ÿþýýüûúùø öüõûô øùõúüóøò ñøðøýø úïïýúðúõüîù îí development problems in Honduras, with a sequel of social óîùïñõúùòüùï òøðøóîøùõ ýîóøñ üù deprivation and economic backwardness. The Integrated ÿîùòþýúñ üõô ú ñøþøóisîí ñîûüúótoòøýüðúõüîù úùò Programme for Honduras designed support efforts by Govøûîùîüû úûúýòùøññ ernment, private sector and civilôø societyùõøïýúõøò to embark upon comýîïýúø íîý ÿîùòþýúñ üñ òøñüïùøò õî ñþîýõ petitive industrial development as a means to ensure susøííîýõñ îðøýùøùõthrough ýüðúõøincome ñøûõîý ûüðüó generatainable livelihoods andúùò employment tion. Good governance, empowering of ñîûüøõ õî øúý þîù ûîøõüõüðø üùòþñõýüúómicro- and small-enterprises, dynamic growth engine as well as their òøðøóîøùõ úñ ú as øúùñ õî øùñþýø ñþñõúüùúóø systemic embeddedness into the institutional and economic óüðøóüôîîòñ õôýîþïô üùûîø úùò øóîøùõ connecting tissue of society and environmentally friendly re-í ïøùøýúõüîù îîò ïîðøýùúùûø øîøýüùï î source management are keyúñ to ò the Programme. üûýî úùò ñúóóøùõøýýüñøñ ùúüû ïýîõô øùïüùø úñ øóó úñ õôøüý ññõøüû øøòòøò ùøññ More specifically, the Programme revolves around the followüùõî õôø üùñõüõþõüîùúó úùò øûîùîüû ûîùùøûõüùï ing three areas of attention, agreed upon between the õüññþø îí ñîûüøõ úùò øùðüýîùøùõúóó íýüøùòó Ministry of Industry and Trade and UNIDO: ýøñîþýûø úùúïøøùõ úýø ø õî õôø ýîïýúø øûüúóü úõüîù úýîþùò ø úïýîúñøò üùòþñõýüøñ i) Industrial development and competitiveness òüííþñüîù policies îí øñõand õøûôùîóîïüûúó strategies, with úùò specialúùúïøýüúó emphasis on entrepreneurship development and export ýúûõüûøñ úùò üùðøñõøùõ ýîîõüîù úóñî îûûþ ú óúûø îíorientation; ýüòø úñ úýõ îí úù úýîúûô õôúõ ii) Artesanal and MSME development in selected øôúñü øñ ïýúññýîîõñ òøðøóîøùõ úùòsubsectors of agro-industry and regions with potential øøýüøùûøñôúýüùï ôø ýîïýúø üñ ûîùûøüðøò demonstration effect (e.g. Intibuca, Choluteca) üõô ú ðüø õî øùôúùûø õôø úüóüõ îí ÿîùòþýúñ õî aimed at improving food safety standards for comîüóü ø petitiveness õôø ñþñõúùõüúó ýøñîþýûøñ óøòïøò and shifting towards higher valueòîùîýñ üù ú ôüïôó õýúùñúýøùõ úùò øííøûõüðø added activities. Here full advantage will be taken úùùøý ÿîùòþýúñ îííøýñ ú üòø î í from UNIDO’s past experience at ýúùïø cluster developîîýõþùüõüøñ üùðøñõîýñ üùõøýøñõøò üù as ment íîý at the local and sub-sector level as well ûîüùüùï þñüùøññ þúóüõ îí óüíø promotion ù îýòø from itsüõôinvestment system;ý iii) Sustainable environmental management, õî üùõýîòþûø üùðøñõîýñ íýî úóó îðøý õôø îýóòparticuõî larly in regions with greater concentration of ñøóøûõøò îññüüóüõüøñ õôúõ ÿîùòþýúñ îííøýñ ø productive San üõPedro Sula). This conôúðø ýøúýøò õôüñactivity îîóøõ (e.g. ø ôîø üóó ñøýðø sists of cleaner production, municipal waste manúñ ú ýüòïø íîý õôø üùðøñõøùõ ûîþùüõ õôúõ agement and management of Large Marine Ecoôúñ ûôîñøù ÿîùòþýúñ úñ üõñ ñõýúõøïüû óîûúõüîù íîý systems, aimed at reverting increasingly acute ùõøýùúõüîùúó ûîøõüõüîùproblems. environmental 1 Integrated Programme Honduras Why Honduras? Strategic Location Honduras is one of the five stars of the Central American Common Market (CACM). Its strategic geographical position makes it a gateway to the markets of both North and South America. Meanwhile, its splendid climate and natural beauty offer excellent potential for year-round tourism and the cultivation of a wide range of agricultural products that are particularly popular on the European, Asian and North American markets. Resources Honduras is rich in natural resources and has abundant potential for development. In recent years, the country has transformed these resources and potential into a diverse portfolio of opportunities aimed at attracting the kind of visitors and investors to ensure a future of sustainable growth. Principal Growth Sectors Export oriented agriculture sector Bananas and coffee are country’s economic mainstays. But in recent years, non-traditional agricultural products have enjoyed increasing success on the export market. Cultivated shrimp is now the nation’s fourth largest export, supplying markets as far away as Asia. Other Honduran-produced products that are doing well on foreign markets include African palm oil, mango, water melon, and winter and oriental vegetables. Growth oriented manufacturing sector The country’s manufacturing sector, meanwhile, has grown in the last decade to house more than 300 local and foreign companies in more than 20 modern industrial parks. Multinational companies in areas ranging from apparel to electronics are finding in Honduras an excellent site for their offshore manufacturing plants. Today, Honduras is the 1st largest supplier in the Caribbean and Central America of assembled apparel items to the United States. Tourism Tourism is one sector that has been enjoying steady growth. The north and south coasts and the Bay Islands offer popular sun and beach vacations; the Mayan ruins of Copan are an exciting archaeological site. There are also jungle treks for eco-tourists and comfortable facilities for business travelers. A Favorable Investor Climate Forward-looking investor policies Several laws Several laws, such as the Free Trade Zone Law, the Export Processing Zone Law and the Law of Tourism Incentives provide investors with a range of benefits. These include access to every part of the country, exemption from import and export duties on goods and equipment used in launching and operating an investment project, a permanent holiday from city and income taxes, full currency repatriation and minimal paperwork. The Investment Law, meanwhile, set forth a transparent framework of laws covering investment, provides equal treatment of local and foreign investors, reduces government control and guarantees an unlimited percentage of foreign-owned capital. Geography Located just 2 hours by air to the major gateway cities of the southern United States, Honduras offers easy access to world markets. Shipping time to Miami is just 48 hours. Puerto Cortes is Central America’s largest and best equipped deep water port, offering 24-hour service. The country is served by seven international airlines through four international airports. The country has the best transportation system in Central America and a new channel is being constructed linking Salvador and PTO. Cortes. 2 Integrated Programme Honduras Honduras: At a Glance Lo ca - t u n nd is o o i d l H t of an u a la n u n p io on a n at illi l Po pu m a n ion Th e Re is Ce loca publ gu ntra ted i ic of o .3 t ep s 6 a . S a a to l Am n th Hon h T s i i n g .4% is w e l v a d the eric e he dura a w f2 e rr a s a o s S g . o t r r th e a e W a n i n outh Nic t of g r te o ge gu ge p ion d m a e a n a t r a h e r a a u la lar ulat ecS o t e l y st. I G u a e S s t , E g l n t l tem ou ia t a pop a s I a U. uth c i i t u e s f L 1 ha of h, b the h a s u S . A . w e s , 0 0 s ap l a e s f pr t o is Ho t o 0 (7 res ox Th ani ge o ngl e. 0, f m n i p du Main Cities Ne 30 M ile S nta s E uag 41 a r l y 8 s 1 1 r a s i a m s ce eak ang q 2 8 i m , u , ha sq 5 7 4 sp d l The nation’s capibit ua , 0 a r e 9 2 k e a on 0 ar r tal is Tegucigalpa e a ed u e m 0 k m i l e m 2 s. rb ile m 2 s). (850,000 inhabitan s) (3 a an re 5 , ants) and the prid ru inmary center for ra l industrial development is San Pedro Sula (600, 3 Integrated Programme Honduras Government • • • Democracy: Elections every 4 years 3 Branches: Executive, Legislative, Judicial 18 provinces each led by a Governor. Currency and Banking The official monetary unit is the Lempira. The Central Bank of Honduras regulates the banking system. Honduras is a participating member of the World Bank, IMF and CABEI. There are more than 20 private banks, including Citicorp., Lloyds Bank and others. Telecommunications Reliable international direct dial system. AT&T , Sprint and MCI services to worldwide locations. Cellular and satellite phones, internet services, teleports and other modern communication services are available. Electricity 110/230/460 Volts/60 Hz $ 0.08-$0. 11 per kw/hr Education Certified bilingual schools in English and French are found in major cities. Graduates are regularly accepted at world-class universities. Technical schools provide high quality training. Health Public and private hospitals and clinics are available. Climate The North Coast is hot and humid. The central mountain region temperatures range from 50O F to 90O F. Cultural Activities and Tourism Transport • • • 4 Caribbean and 1 Pacific seaport. Puerto Cortes is Central America’s largest and best equipped port. It provides 24-hour service, no waiting time, modern roll-on / roll-off and cold storage facilities. 48 hours by sea to Miami. Container service: 10 times per week to Miami; 4 times per week to New Orleans; 4 times per week to New York through Miami. Twice a week to Europe. • • • There are many theaters, art galleries, museums and archeological sites. Major tourist attractions include Copan Ruins, the cradle of the ancient Mayan Civilization, many natural reserves for ecotourists and the Bay Islands for scuba diving, sailing and fishing. 7 international airlines with easy worldwide connections. 4 cargo airlines. 4 international airports: Tegucigalpa, San Pedro Sula, La Ceiba and Roatan. 4 Integrated Programme Honduras Why to invest in Honduras? • • • • • • • • • • • • • • • • • A flexible, consistent and market-ori ented macroeconomic policy. Special incentives for export oriented companies. Availability of foreign currency for foreign trade and investments. Socio-political stability. An open legal framework that promotes foreign investment in every sector of the economy. The country has ratified a number of international agreements for the protection of investments and intellectual and industrial property. Guarantees for the repatriation of capital and dividends. The nation has signed a number of multilateral trade agreements, such as the GATT, the WTO, ALCA, the Central American Common Market. Organized industrial infrastructure. Ample availability of highly productive labor at competitive rates. Stable labor environment. Best port facilities in Central America. A geographical position that is strategic for exports to both North and South America. Opportunity for the cultivation of off-season food crops. A wide variety of opportunities for investment and strategic alliances. Tourism opportunities (eco-tourism, rural tourism, etc.). Specialized support institutions for the formulation, evaluation and promotion of investment projects. INVESTMENT LAW The investment law enacted in 1992 was implemented to encourage national and foreign private investment and to promote production and transfer of technology, increase exports & create jobs. In order to achieve these goals, a legal and administrative frame was created to guarantee investment security, the stability of laws and simple procedures. 5 Integrated Programme Honduras se of r- al k e t . n o r i . a t m a ital e p t n e p s s n e h tie t h r i t i e n ca ra f t a , o a g h e c u reig t r e e e n and n u o Gu i l w s o d r fo . ce n f at s. et in uct g th the nd ives ts a s b n o tan m a d t e n a c t t i o s i s ro n p ter ro ci nd al en s d e d p i n a n a l o c i n c e e m o n t r t r i b u a l a ign n f ee e m o f n t a g r e c o n n i c ore in c h f e t Fr es a to yst nt r r e u s m e c • vic cess ial tme ern men ent Th , te and oth a v . t v c c c y e d s s i o A a n tr g ve n t e r l o g st an • s f i n u a l t o f i n f j o i e i g n n o ome . d h ks o f n e n Eq c e s s c t o n o f o r t e c r d d a ivi • . l b tion A c s p e n i t i o a n d e s , es fo d y a nc n liza u n tal, • o R e c o g a l s r v i c iviti . i e o t r i c a e • e na e r c i Re tion l, se act rad cur cap h t n t a . r f i m d • n p i t a the n d n i g n r o i o n ts m an t i ca d o n a fore sfe rat oun d co s n e n an ctio to tran une acc an tm tio of s a l s e u n n m s d y v u d ce ite re nc tio g n tio re f i lu Ac lim ent rre duc s. , o o s s e • Un stm n cu pro vice tion re th ul r r e a bo g e • h v rei i t e d se o t i of t e nc or ity Fo l i m and n e g f a r r ts cu • su U n ods i t e d se en in . o • t m m d g li e en oad an . re Un . m g r y t s a t i es d ab • t r y abil u r e n a l v in an St o c e d a t i o n i y • pr tern ts. obta ntr u c In nfli to co • co ility the Ab thin • wi es e ric Sectoral Opportunities • • • • • • • • • • • Agricultural and agro-industrial activities that exceed the production limits set by the Agrarian Reform Law and the Law for the Modernization and Development of the Agricultural Sector. Forestry, wood processing and furniture Generation, transmission and distribution of electric energy. Financial and insurance services. Telecommunications. Air transportation. Investigation, exploration and use of mines, quarries hydrocarbons and related substances Private sector educational services. Private sector health services. Hunting, fishing and aquaculture. Τourism 6 Integrated Programme Honduras Incentives for Investment Honduras has a variety of laws that provide incentives for investment. These include the Free Zone Law , the Industrial Processing Zone (ZIP ), the Temporary Import Regimen (RIT) and the Tourism Incentives Law. They are strategically aimed at promoting exports, creating jobs and emphasizing the industrial and tourism development of the country. Free Trade Zone (FTZ) A special law has been established for export companies operating in Free Zones and provides the following benefits. • • • • • Companies can be located any where in Honduras. No import or export duties for material, equipment or office supplies required by the manufacturing plant. Companies are exempt from in come, city and country taxes. 100% repatriation of currency is permitted. Paperwork required to clear in coming or outgoing shipments is minimal. This law was initially conceived to create Puerto Cortes Free Zones; then the Government extended the Free Zone benefits to other areas and the National Congress declared the whole national territory as Free Zone Area and extended the benefits granted by the Free Zone Law. duction of export goods. In addition, free zone companies are exempt from municipal income taxes. The tax holiday has no time limit. Industrial Processing Zones (ZIPs) Industrial processing zones are privately owned and administrated and are subject to the authority of the Ministry of Industry and Trade. The aim of ZIPs is to encourage the establishment of export-oriented manufacturing companies and services through the intensive use of labor. There are two legal options for companies operating in ZIPs: the Operating Company (Sociedad Operadora) is in charge of the infrastructure and administration of the zone and the Users (Usuarias) operate within the ZIP to produce and commercialize goods and services. 1) Benefits for ZIPs User Companies (Manufacturing and Supporting, Service companies) • • • 2) Benefits for ZIPs Operating Companies (Industrial Park’s Administration) • Imports free of taxes, tariffs, fees, local consumption and sales taxes and all other taxes and fees directly or indirectly related to customs operations and the import of goods that will be used exclusively for the operation of the ZIP, including construction materials, equipment, spare parts and office equipment not produced in Honduras. • Ten-year holiday from the payment of municipal taxes and 20 year holiday from the payment of income taxes (ZIPs Administration) Benefits for FTZ User Companies Companies operating in FTZs enjoy an exemption from import and export tariffs, fees, consular rights, local consumption, import and export taxes on the import of machinery and equipment that will be used in the pro- Full exemption from tariffs, consular rights, fees and local taxes on caution, production, sales and the import and export of goods and services. Exemption from the payment of national and municipal taxes on production generated within the ZIP and its industrial and common establishments. Exemption from the payment of sales taxes. 7 Integrated Programme Honduras ZIPs for Investors • • • • • • • • • • • • • • • • • • ZIP Choloma S.A. ZIP San Miguel S.A. ZIP San Miguel S.A. I ZIP San Miguel S.A. II ZIP Continental S.A. ZIP Comayagua S.A. ZIP Buena Vista S.A. ZIP Villanueva ZIP El Porvenir ZIP Calpules S.A. ZIP Río Blanco S.A. ZIP Búfalo S.A. ZIP Amarateca S.A. ZIP Sula S.A. ZIP Corona S.A Lotificadora Industrial Dos Caminos S.A. ZIP Tegucigalpa S.A ZIP San José Temporary Import Regime (RIT) The Temporary Import Regime was created to promote the production of goods destined for export in any part of the country. Benefits under RIT The benefits consist of the suspension of all taxes and fees related to the import of: • Raw materials, semi-manufactured products, packaging and other goods to be assembled, transformed, modified or physically incorporated into products that will be exported to countries outside of Central America. • Machinery, equipment, tools, spare parts and accessories to be used exclusively in the assembly, transformation, modification, production of items to be exported to non-Central American countries. These can be freely sold as used items five years after their temporary import. Prior to the end of this five-year period, they may be resold after the payment of a 1% fee on their CIF import value. • Showcases, instructions, patterns, molds and models necessary to align production with international standards and for research and instruction purposes. Industrial Property Laws The industrial Property Law approved by the Honduran Government in 1993 protects industrial property rights through the regulation and registration of patents, models, designs, industrial secrets, brand names and commercial announcements of names of origin. However, taxes on profits are subject to pay. 8 Integrated Programme Honduras OTHER LAWS AND REGULATIONS ENVIRONMENTAL LAW Issued in 1993, this law orients agricultural, cattle, forest and industrial activities toward practices that are compatible with the conservation and sound and sustainable use of natural resources and the protection of the environment as a whole. MINING LAW Approved in 1998, the purpose of this law is to regulate the mining and metallurgic activities in the country and stimulate foreign investment in this sector by granting concessions and improving benefits. PROMOTION AND DEVELOPMENT OF PUBLIC WORKS AND NATIONAL INFRASTRUCTURE This law was issued in 1998 to establish a legal framework for the provision and indirect management of public services, and the contracting of professional training and infrastructure projects by nongovernment individuals, companies or organizations. This law stimulates foreign participation in infrastructure development projects and emerging industries, enjoying a full array of concession rights while Honduras in turn, benefits from increased development, modernization and job opportunities. CORPORATE LEGAL FRAMEWORK • • 100% foreign ownership is acceptable under Honduran law. Corporations organized under Honduran law can take any of the following forms; Sociedad Anonima (Corporation); Sociedad Anonima de Capital Variable (Corporation); Sociedad de Responsabilidad Limitada (Limited Partnership). LOCAL LABOR REQUIREMENTS A 90% Honduran labor force (equivalent to 85% of payroll). 9 Integrated Programme Honduras Human Resources It is easy to find qualified personnel for most kinds of businesses. In order to supply the specific needs of the companies in the country it is also feasible to generate training programs through the National Professional Training Institute. There is good coverage on Social Security and there is a Labor Code that gives guidelines to increase the productivity and competitiveness of Honduran companies within the framework of globalization. The Labor Ministry is in charge of applying labor laws and regulations and manages the administrative matters. When a judicial matter appears, it falls into the jurisdiction of the labor court. Some of the most important elements related with the relationship between employer and employee include: • • Contracts can be individual or collective. Individual contracts can be for limited or unlimited time, by project or for specific services. Working hours: • • • • • • If more than three hours of the mixed shift fall on the night shift, the entire shift must be considered as night shift. Work on holidays are paid double the ordinary salary. There are eleven paid holidays per year. Paid vacations are calculated as follows: Christmas bonus or 13 month pay is an additional monthly salary that must be paid to the employees on December as a whole month if they have worked 12 months or as a proportional allowance of the time worked. Fourteen month pay is an additional month salary or portion, payable in June each year. Special benefits include maternity, for which the employer must provide 42 paid days prior and after childbirth and one hour daily for six months. 10 Integrated Programme Honduras INTERNATIONAL TRADE AGREEMENTS AND INVESTMENT PROTECTION TREATIES Central American Economic Integration Treaty The principal objective of this treaty is to achieve economic and social development of countries in Central America through the transformation and modernization of the region’s productive, social and technological structures. Under the agreement, Honduras, Guatemala, EI Salvador, Nicaragua and Costa Rica agree to perfect the Free Trade Zone, procure the free mobilization of products and gradually achieve monetary and financial integration. Adhesion to the World Trade Organization The adhesion of Honduras to the WTO markets and its incorporation into a multilateral trade system and its adhesion to the principles of nondiscrimination provides transparency and reciprocity in international economic and trade relations. Bilateral Trade Agreements Honduras has signed bilateral trade agreements with Argentina, Mexico,Bulgaria, Colombia, Chile, Hungary, Romania, Russia, the BENELUX Economic Union, Spain and the Netherlands. Central America and the Caribbean to allow certain products to enter the U.S. market free of import taxes. Inter-American Agreement on International Trade Arbitration Signed by the Governments of the members of the Organization of American States (OAS), this agreement allows national and foreign parties to name national or foreign arbitrators to make decisions regarding differences that may emerge involving business. Bilateral Agreements for the Promotion and Protection of Investment In order to guarantee jurisdic security to investors, agreements have been signed with France, Great Britain, Northern Ireland, Switzerland, Spain, Germany, the United States, the Republic of China and Chile. International Agreement for the Protection of Industrial Property Honduras has ratified the International Agreement for the Protection of Industrial Property, signed in Washington in February 1994. Caribbean Basin Initiative This is a multilateral concession granted by the Government of the United States to the countries of 11 Integrated Programme Honduras SUMMARY OF INCENTIVES OFFERED BY HONDURAS * HARMONIZED TARIFF SCHEDULE OF THE UNITED STATES (formerly TSUS 807) SOURCE: DATE: FIDE Research MAY-14-99 UPDATE: FEB-01-00 REFNCE: VII.A 12 Integrated Programme Honduras SELECTED HONDURAN INSTITUTIONS RELATED TO INVESTMENT AND TECHNOLOGY PROMOTION PUBLIC SECTOR Secretaria de Estado en el Despacho Presidencial Chief of Staff Edifido Ejecutivo Las Lomas, 3er Piso Blvd. Juan Pablo 11 Tel. (504) 235-6636 Fax (504) 235-0608 Secretaria de Industria y Comercio Ed. Banco de Londres, 2. pi Calle Peatonal Tegucigalpa, Honduras Tel: (504) 237-1947 Fax: (504) 237-2836 Email: okafati@sieca.org.gt Secretaria de Agricultura y Ganaderia Department of Agriculture and Cattle Ranching Ave. La FAO, Blvd. Miraflores Tegucigalpa, M.D.C., Honduras Tel. (504) 231-1921 Fax: (504) 232-5375 E-mail: galvarad@disnet.com Secretaria Tecnica y de Cooperaci6n Internacional (SETCO) Department of International Cooperation Blvd. Sanjuan Bosco, Edif. El SOl, Apartado Postal # 1327 Tegucigalpa, Honduras Tel. (504) 239-5269 Fax (504) 239-5277 E-mail: setco@interdata.hn Secretaria de Relaciones Exteriores State Department (Foreign Relations) Antiguno edificio Casa Presidential, Blvd. Miraflores, 50. Piso Tel. (504) 234-4923j 1952/ 1898/ 1922 Fa3c (504) 234-1484, 234-1678 Email: rfloresb@sre.hn Secretaria de Recursos Naturales y Ambiente Department of Natural Resources and the Environment 100 mts al Sur del Estadio Nacional E-mail: sema@sdnhon.org.hn Tel 504239-4296 Fax 504 2326250 Direccción General de Gestion Empresarial~ Business Bureau Edificio Larach, 70. Piso, Tegucigalpa Tel. (504) 222-0318, 222-5121 Fax: (504) 222-0318 Dirección General de Inversiones Investment Bureau Edif: Larach, 50. Piso, Tegucigalpa Tel. (504) 238-2024 Fax (504) 237-3025 E-mail: ingridag@hotmail.com dgips@honduras.com Dirección de Sectores Productivos Productive Sector Bureau Edif: Larach, 90. Piso, Tegucigalpa Tel. (504) 222-7048 0 222-7687 Fax (504) 222-1981 Dirección de Propiedad Intelectual Copy Rights Bureau Edit: Larach, 3er. Piso, Tegucigalpa Tel. (504) 2384258/ 2384262 Fax. (504) 238-4267 E-mail: dgpihonduras@hotmail.com Direcci6n de Integración y Politica Comercial Integration and Commercial Policy Bureau Edif: Larach, 10 Piso, Tegucigalpa Tel. (504) 222-6055 Fax: (504) 238-1336 E-mail: jerazo@sict.gov.hn Secretaria de Finanzas Department of Public Finances Edif: Ministerio de Finanzas, Frente a Quinchon Leon III Piso Tegucigalpa, M.D.C., Honduras, C.A. Tel. (504)222-8701 / 237-4537 / 222-1211 Fax (504) 238-2309 / 237-5033 Comision de Modenrlización del Estado National Modernization Committee Edif. Ejecutivo Las Lomas, 4to. piso Blvd. Juan Pablo II Tegucigalpa, M.D.C., Honduras Tel. (504) 235-9369-71 Fax (504) 235-9368 E-mail: cpme@hondutel.hn Banco Central de Honduras Central Bank of Honduras 2da. Calle, 6-7 Ave. P.O.Box 3165 Tegucigalpa, M.D.C., Honduras Tel. (504) 237-1668 Fax (504) 237-6261 E-mail: eamaya@mail.bch.hn 13 Integrated Programme Honduras PRIVATE SECTOR Consejo Hondureno de la Empresa Privada (COHEP) National Council of the Honduran Private Sector Col. Tepayac, calle Yoro, Tegucigalpa Tel. (504) 235-3336 Fax (504) 235-3345 E-mail: consejs@cohep.com Camara de Comercio e Industrias de Comayagua Apartado Postal No. 151 Comayagua, Depto. de Comayagua, Tel: (504) 772-1776, Telefax: (504) 772-1939 E-mail: ccicom@hondutel.hn Asociación Nacional de Industriales (ANDI) National Manufacturers Association Col. Castaño Sur, Edif. Fundación Covélo Tegucigalpa Tel: (504) 232-2221, 232-5731 Fax; (504) 221-5199 E-mail: infoandi@andi.hn Camara de Comercio e Industrias de Cortes Apartado Postal No. 14 , Ave. Circumvalación San Pedro Sula, Cortes Tel. (504):553-0761/552-8297 Fax (504) 553-3777/552-8289 E-mail: ccic@simon.intertel.hn Asociación de Fabricas de Productos Farmaceuticos de Honduras (ANAPROFARH) Pharmaceutical Products Processing Plants Association 2da. Avenida Comayaguela, Frente al Parque Obelisco 13 y 14 calle #1336, Tegucigalpa Tel: (504)237-1040, Fax: (504) 238-0624 E-mail: i_guerrero@itsnetworks.net Asociación Nacional de Medianas y Pequenas In dustrias de (Honduras (A.N.M.P.I.H.) National Association of Medium and Small Industries of Honduras Calle 13, Frente a Centro Comercial Lempira Comayagüelo, Tegucigalpa Tel/fax: (504) 237-6388 Asociación de lideres Empresariales Femeninas de Honduras (AL.EFH) Association of Women Business Leaders Tegucigalpa Asociación Hondurena de Maquiladoras (A.H.M.) Honduran Maquila Association Avenida Circunvalación Edif. Yude Canaferati, San Pedro Sula Tel. (504) 556-5526; Fax (504) 552-5525 E-mail: director@ahm-honduras.com Federacion de Camaras de Comercio e Industrial de Honduras (FEDECAMARA) Col. Los Casta os Sur, Edif: Casta ito 2do. Nivel, # 201 Boulevard Morazan, Tegucigalpa Telefax: (504) 232-1870 E-mail: fedecamara@sigmanet.hn Federación de Agroexportadoros de Hon. (FPX) Frente a Tone de Banco del Pais Blvd. José Antonio Peroza, San Pedro Sula Tel: (504) 566-3794/0795, Fax: (504) 566-3852 E-mail: fpx.Honduras@mayanet.hn The Foundation for Investment and Development of Exports (FIDE), TEGUCIGALPA OFFICE: Condominio Lomas 4th floor, Col. Lomas del Guijarro Tegucigalpa, M.D.C. Honduras, C.A;. P.O. Box 2029 Tel: (504) 235-3471/72, Fax: (504) 235-3484 Web: www.hondurasinfo.hn The Foundation for Investment and Development of Exports (FIDE) SAN PEDRO SULA OFFICE: Edificio FIDE-SPS, Col El Pedregal, 4 Ave. 1era calle, Este entre Blvd Universidad y Blvd Las Torres Bloque 32 lote 1, San Pedro Sula, Cortes, P.O. Box 1878 Tel: (504) 566-3040, 566-3042, Fax:(504) 566-3049 E-mail: ddp@fidehonduras.com dpe@fidehonduras.com Web: www.hondurasinfo.hn Camara de Comercio e Industrias de Tegucigalpa Apartado Postal No. 3444 Tegucigalpa Tel. (504) 232-4200; Fax (504) 232-0159 E-mail: ccit@hondutel.hn; camara@ccit.hn Eurocentro Edificio FIDE, 500 mts. al norte del Hospital Mario Catarino Rivas Frente a Funadeh San Pedro Sula Telefax: 566-3029, 566-2658 E-mail: eurocentro@fidehonduras.com Cámara de Turísmo Edif. Plaza Robina, 2do piso Fte. a Gimnasio el Gacto Col. Palmira, Calzada Bahamas atrás de la Embajada Americana Tegucigalpa Tel: (504) 236-8836, Fax: (504) 221-3662 E-mail: canaturh@vivategus.com 14 Integrated Programme Honduras MAJOR INVESTORS IN HONDURAS GERMANY U.S.A (Continued...) Bayer de Honduras Siemens, Relectro Emasa/Novem Dacotrans Lufthansa Hapag Loyd Hoechst Henkel Standard Fruit Company Texaco International Trader, Inc. The House of Windsor Tropical Gas Company UNITED KINGDOM Shell British American Tobbaco Co. Lloyd’s Banks (Americas) Fyffes Group Limited Sterling Products International HOLLAND La Curacao Representaciones La Curacao Festival Consultores y Servicios, S.A. de C.V. Inpelca (Phillips) Restaurante El Trapiche y Procesadora de Leche Restaurante Don Udo’s Lavandería Speedy Clean (Laundry) Inversiones Químicas Norex International FRANCE Elf U.S.A. Bay Island Fish Co. Cargill Inc. Castle & Cooke Inc. Citibank, N.A. Cítricos International Inc. Colgate-Palmolive, West Indies Inc. Continental Airlines Five Star Mining Grey Advertising Inc. H.B. Fuller Co. MCI International McCan-Erickson Worldwide Moore Business Forms & Business Division Motorola Quest International Resources Corporation Seaboard Marine Corporation Sprint Central America, Inc. Franchises Alphagraphics America’s Favorite Chicken Enterprises (AFC) Budget Rent a Car Burger King Inc. Churchs Chicken Domino’s Pizza International Dry Cleanning Martinizing McDonald’s Midas International Oil Butler Pizza Hut International Manufacturers (Maquila) American Technologies Company Anvil Knitwear Inc. Armen Company Bestform Foundation Inc. Billy Van Heusen Co. Champion Jogbra Inc. Character Foundation Fieldstone Clothes Inc. Fruit of the Loom J.E. Morgan Knitting Mills JFC Industries Levi’s Strauss Co. Maurice Silvera Inc. M. Fine & Sons Mfg. Co. Nazareth Century Mills Red Kap Industries Inc. Renfro Corporation Sara Lee Corp. Technology Research Corporation The Harwood Company Inc. Lear Cintas USA Warnaco Man’s Apparel Division Williamson Dickie Manufacturing Co. Wrangler Corporation Wrangler Incorporated 15 Integrated Programme Honduras INVESTMENT AND TECHNOLOGY PROJECTS Proposed by Honduran companies, the investment and technology projects listed in the following pages have been evaluated and profiled by UNIDO under the Integrated Programme Honduras. They are being promoted through the UNIDO Network of Investment and Technology Promotion Offices (ITPO), UNIDO Exchange and other contacts. Most projects, whether new ventures or expansion or upgrading of existing ones, are in the agro-processing. For additional information on listed projects, please contact Secretaria de Industia Y Comercio, Tegucigalpa, Honduras and UNIDO, Vienna. SECRETARIA DE INDUSTRIA Y COMERCIO Ed. Banco de Londres, 2. pi Calle Peatonal Tegucigalpa Honduras Tel: (504) 237-1947 Fax: (504) 237-2836 Email: okafati@sieca.org.gt rrlagos@hotmail.com INDUSTRIAL UNITED NATIONS DEVELOPMENT ORGANIZATION Vienna International Centre P.O.Box 300,A-1400 ViennaAustria Tel: (43 1) 26026 4813/3693 Fax: (43 1) 21346 3693 E-mail: vhinojosa-barragan@unido.org / opadickakudi@unido.org Web: www.unido.org 16 INTEGRATED PROGRAMME HONDURAS INDUSTRIAL INVESTMENT AND TECHNOLOGY PROJECTS SUMMARY OF PROJECTS IN AGRO-FOOD INDUSTRY; RENEWABLE ENERGY, WOOD PROCESSING AND FURNITURE (Jointly prepared by UNIDO, FIDE, EURO CENTRO, CCIC & CERTEC) Project No. Local Sponsor Project Project Summary Estimated investment (million US$) Foreign cooperation sought AGRO -FOOD INDUSTRY HON/ AGR01 Company name: PALCASA Tel: (504) 448-0045/ 552-1541 Fax: E-mail: h_l_castro@hotmail.com f.vaquero@unitec.edu Employees: 64 Sales: US$4.3 million Location: San Pedro Sula, Cortés PALM OIL PROCESSING PLAN T HON/ AGR02 Company name: Industria Procesadora de Alimentos Tel: (504) 230-4301/4308 Fax:(504) 230-7360 E-mail: andifar@multivisionhn.net Employees: 35 Sales: US$3.25 million Location: Colonia Kenned, Zona Jacaleapa, 200 m. delante de Leche Sula, Tegucigalpa FRUIT AND VEGETABLE CANNING PLANT 17 Extractor plant PHASE 1 refers to the acquisition of technology to install palm oil extractor plant with an initial capacity of 15 T.M R.F.F. per hour, and with full infrastructure for expansion. Exisitng infrastructure is in early stages of construction. PHASE 2 Expansion of the capacity upto 30 T.M R.F.F per hour Refinery and Fractioning plant This project proposes installation of a refinery and fractioning plant of 50 MT of oil RBD/per day and will be equipped with all the necessary tools for the expansion up to 100 MT/ per day. The refinery will be located near the extractor. The whole project will be self-sufficient in electric power by vapor starting from biomass generated in the extraction process. Environmental impact This is an environmental and ecologically healthy project. The tributaries will be treated in oxidation lagoons and the smoke of the combustion of vegetable residuals will be treated by means of special filters placed in the chimney of the boiler. The project aims for setting up a new processing plant to process fruits and vegetables. At present in Honduras fruits and vegitables are grown in industrial quantities but are not processed due to lack of processing facilities in the country. The Plant is capable of processing fruits and vegetables, and packaging them in cans. There is a secondary line which consist of a juice processing line with packaging in glass or plastic containers. The markets studied are the Central American markets and the European Markets having Germany as the main market.The company’s vision is to explore most of its production as a subcontractor to the European markets; and to market the products in Central America. 17 • Joint venture • Technology transfer 1.2 • Joint venture • Loan • Buy back arrangement Project No. HON/ AGR03 HON/ AGR04 18 Local Sponsor Company name: APROCACAHO Tel: (504) 669-3400 669-3912 Fax: (504) 669-3912 E-mail: Aprocaho@hondutel.hn Employees: 46 Sales: US$ 3 million Location: 600 mts. Carretera a la Jutosa, Choloma, Honduras Company name: ALICASA Tel: (504) 551-2011 Fax: (504) 551-2771 E-mail: alicasa@globalnet.hn Employees: 90 Sales: US$ 1.7 million Location: Blvd. Del Norte, 150 m. al este Texaco Palenque, San Pedro Sula Project COCOA INDUSTRIAL PLANT NEW PACKAGING UNIT FOR BEANS PASTA PRODUCTION Estimated Foreign Project investment cooperation Summary (million US$) sought Aim of this project is to identify a partner, who is capable to 8,2 • Joint venture supply enough quantities of raw material in order to cope with • Buy back current demand. The sought joint venture partners are companies arrangement that produce cocoa terminal product s for their markets. Now Aprocacaho plant has an installed capacity of 400 MT/month of cocoa beans plus 7.000 MT of cocoa liquor/month. Presently the company’s export market includes Spain, Belgium, Holland, USA and Central America. The company has direct accesss to cocoa beans in Honduras due to the fact that the owners of the company are also producers. APROCACAHO has a stock of 2.600 MT, but there isn’t enough volume The project is to expand production by means of introducing a new packaging for the pasta using “retorted pouch packaging “. Presently followed method is freezing and packaging in poly bags which limits distribution. With the pouch the company could export to all Central America and Ethnic markets in the U.S. The estimated sales of the company is 400,000 pounds a month or US$ 2.5 million the first year. The company could also produce typical soups. 2.2 • Joint venture • Equipment purchase Project No. HON/ AGR05 HON/ AGR06 HON/ AGR07 19 Local Sponsor Company name: Río Nance Agroindustrial, S.A. de C.V. (RINAGRO) Tel: (504) 669 0500/0664 552-6357 Fax: (504) 669 0580 E-mail: rionance@sigmanet.hn www.honduras.ag.org/rinagro Employees: 70 Sales: US$ 2 million Location: Km. 15 carretera a Pto. Cortés Aldea Río Nance, Choloma Company name: Cocoa de Honduras S.R .L. de C.V. Tel: (504) 557-0253 995-3394 Fax: (504) 557-0253 E-mail: haneger@sigmanet.hn Employees: 120 Sales: US$ 525,279.05 Location: 2 ave. 10C. S.E. Barrio Medina Plaza Pell, San Pedro Sula, Honduras. Company name: Alimentos de Cortés S.A. (ALCOSA) Tel: (504) 551-0300 Fax:(504) 551-0299 Employees: 147 Sales: US$ 4 million Location: San Pedro Sula Estimated Foreign Project investment cooperation Summary (million US$) sought PRODUCTION Aim of this project is to expand the aseptic banana puree 1.64 • Joint venture EXPANSION processing plant capacity from 6,500 MT to 9,000 MT per year in • Loan OF ASEPTIC order to meet export market demand. The joint venture partner is • Technical BANANA also expected to make necessary adjustments on the banana expertise PUREE PLANT reception and washing systems. The waste water treatment system need to be expanded and a new Nitrogen Generation System (99% pure) to be installed The project also aims to increase ripening capacity of the plant since that has been the bottleneck of the production process. The project is located in free zone, thus have access to several incentives. Project EXPANSION OF COCOA BEANS PROCESSING PLANT, PEPPER, ALLSPICE AND BEE HONEY. The company aims to expand cocoa stock chain and cleaning- 1.1 roasting process of cocoa beans, organic cocoa and organic allspice (under certification by BCS-OKO-GARANTIE (Germany)). Expand storage center and increase capacity of the processing plants of cocoa beans to export a major quantity of conventional and organic fermented cocoa. The company intends to develop its own capacity on transfer of technology and technical assistance for services to the producers. Finally, the company expects to expand buying capacity to increase cocoa beans and allspice exports to other importing countries. In the bee honey case, the company want to increase imports so as to cover the demand of this product in Honduras, as well as to promote and encourage the national production, through new technology and assistance to the bee honey producers in Honduras. PRODUCTION The project aims to install blowing machinery for bottling in order 0.39 OF PLASTIC to meet company's needs and to export in the region. Alimentos CONTAINERS Cortes SA is a company, which is well positioned in the local food FOR JUICES market. Most of its products come on different types of bottles. Bottle production is low in the country, thus the company has trouble with its juice market. • Loan • Market access • Loan • Buy back arrangement • Equipment purchase Project No. HON/ AGR08 HON/ AGR09 HON/ AGR10 20 Local Sponsor Company name: Inversiones Amalgamadas S.A. de C.V. (INALMA) Tel: (504) 558-1291 557-5232/33 Fax: (504) 552-8366 E-mail: plantain@sigmanet.hn Employees: 170 Sales: US$ 2.9 million Location: 1-2 St., 13 avenue NW, San Fernando, San Pedro Sula Company name: ASOPROSALH Tel. : (504) 881-2345 Fax: (504) 881-2350 E-mail: Employees: 600 Sales: US$1,2 million Location: San Lorenzo, Valle, Honduras Company name: Dairy Farms Association Tel: (504) 777-2412 Fax:(504) E-mail: tlitlic@hotmail.com Employees: 180 Sales: US$ 800,000 Location: Distrito de Irrigación Flores, Comayagua Project Project Summary This project aims to replace equipments and to modernize processing systems. INALMA is a medium sized business that is dedicated to export products elaborated from plantains; now t he company’s business has reached its limit of growth in the actual processing plant, so the company looks for enlarging and improving the physical installations. The company has already acquired a property near the town of San Manuel, Cortes, where they will install their new processing plant. They have researched and developed a new product that have a great potential in the US market and some Latin American countries. INALMA processes products for GOYA FOODS, and have two registered trademarks that are being sold to the Latin market in the United States. Acquisition and installation of a salt processing plant (mill, washer, UPGRADE dryer, sifter and an iodine and fluoride dispenser) in order to AND produce a higher quality salt and supply at competitive prices in EXPANSION Honduran market with exportation potential to El Salvador and OF A SALT Nicaragua. The company is made up of 10 partners who have PRODUCTION invested in the infrastructure, network of storage warehouses and FACILITY have experience in joint sales of salt in Honduras. The partners are salt producers, therefore, they could supply raw material that will be required by the company. TECHNOLOGY This project is to set up a milk-processing unit and to produce UPGRADING cheese, Ricotta and a beverage that is made of sweet (when mixed FOR DAIRY with fruit juices). The joint venture partner needs to supply PRODUCTS pasteurising equipment and technical management expertise. The ASSOCIATION farmers in Flores use the traditional ways to process milk. They are now organized in an association of 35 farmers, who produce 7,500 liters daily with feasibility to increase production with up to date technologies and production processes. Most farmers and companies around the country still don’t pasteurize milk and use manual processes, thus this upgrade will give us a competitive advantage. Estimated investment (million US$) Foreign cooperation sought 1.76 • Loan • Buy back arrangement 2.6 • Joint venture • Technical expertise • Buy back arrangement • Equipment purchase 3.8 • Equipment purchase • Technology transfer EXPANSION AND REHABILITATION OF THE PLANTAIN PROCESSING PLANT Project No. HON/ AGR11 HON/ AGR12 HON/ AGR13 21 Local Sponsor Company name: ASOCIACIÓN DE PRODUCTORES DE PLÁTANO NUEVO SINAÍ S.A. Tel: (504) 451-7145/995-7026 Fax: (504) 451 7110/7145 Employees: 400 Sales: US$ 96,000.00 Location: El Nuevo Sinaí, Municipio de Trujillo, Colón Company name: PRODUCTOS DEL CAMPO, S. DE R. L. (PROCAMPO) Tel: (504)556-6108/6355/7716 Fax:(504) 556-7580 E-mail: andy@globalnet.hn Employees: 15 Sales: US$100,000.00 Location: Col. Altiplano, Costado Norte Cementerio Jardines del Recuerdo, San Pedro Sula. Company name: Lechera Industrial del Norte (LINSA) Tel: (504) 647-4269 Fax: (504) 647-4945 E-mail: aavilaewens@yahoo.com Employees: 27 Sales: US$ 0.5 million Location: Km. 6, carretera de El Progreso a Tela, Honduras Estimated Foreign Project investment cooperation Summary (million US$) sought EXPANSION This project aims at developing plantain plantation in 350 acres of 1 • Joint venture OF 280 land owned by a farming cooperative. This farming cooperative • Market access HECTARES OF owns an area of 500 hectares for agricultural production. • Marketing PLANTAIN Hurricane Mitch destroyed the whole infrastructure available up to expertise AND MARKET 1998. Up to now there are already 70 hectares cultivated land , of • Technology ACCESS which 80% are currently in production. This project intends to transfer mobilize resources to the cooperative in order to produce, process and export their products. Project RAMBUTAN PACKAGING PLANT FOR EXPORT MARKET ACCESS The project aims to install a new packaging plant for packing and selection of rambutan fruits for export. It is also contemplated that the expansion of 25 acres for new varieties of rambutan fruits will result in 1 million MT of rambutan fruits per year which will allow for agroindustrial processing in the future. The company has largest rambutan production area in Honduras and possess local commercialization experience, but production is increasing and soon (in a period of 3-4 years) local market will be saturated. Looking at this forecast, there is interest from the company to reach export quality and initiate sales process in other markets. The Honduran Government provides incentives for the export of agricultural products. IMPROVEMENT The company has prepared to execute an expansion of milk OF THE products (from 2,500 to 5,000 lt/day, with resources available QUALITY OF today) through the acquisition of technology that would permit it to LACTOSE compete in the marketplace The Lechera Industrial del Norte PRODUCTS (LINSA) is a well recognized company since 1970. Its main FOR MARKET activity is the production of milk (cattle farming). Since 1994 they EXPANSION began to produce various products with milk, cheese, sour cream and a variety of juices. . 0.52 • Market access • Buy back arrangement • Equipment purchase • Technical expertise 0.59 • Loan • Equipment purchase • Technology transfer Project No. HON/ AGR14 HON/ AGR15 HON/ AGR16 22 Local Sponsor Company name: Inversiones Doble Hache Tel: (504) 550-2800/991-2404 Fax: (504) 557-2780 E-mail: jhmedina@simon.intertel.hn Employees: 55 Sales: US$47.600 Location: Km. 103 carretera a occidente, La Entrada, Copán. Company name: Casa Gari S.A. Tel: (504) 440-0683/1568 Fax: (504) 440-0683 E-mail: gari@laceiba.com www.tropicohn.com/gari Employees: 54 Sales: US$ 760,000 Location: Centro Comercial Las Americas #22, La Ceiba Company name: Industrial Soy Tel: (504) 551-2292 556-2486 Fax: (504) 440-0683 E-mail: ctielema@hotmail.com Employees: 35 Sales: US$ 3.57 million Location: Zona Libre Calpules Estimated investment (million US$) Foreign cooperation sought Project Project Summary MARKET ACCESS FOR CHILE JALAPEÑO (MEXICAN) AND WHITE MANIOC (YUCCA). The project aims expansion and standardization of various varieties of CHILE JALAPEÑO (MEXICAN) AND WHITE MANIOC (YUCCA), and installation of a processing plant with adequate conditions for export of the products. Presently the total production is consumed by the local market. Now the objective of the company is to increase production from 3 million pounds to 6 million pounds through using up to date machinery and increase on productivity. There are adequate hand labor skills that can be used. 2.2 • Joint ve nture • Market access • Management expertise • Technical expertise • Market expertise CONSTRUCTION The project will be incremental to the national and international market of the Casabe through the construction of a processing plant at the Monte Pobre community, Rio Esteban, Corozal and Sambo Creek. Also the increase of productivity, processing and exporting of yucca produced by this same group is considered with the use of basic infrastructure. 0.56 • Joint venture • Technical expertise • Marketing expertise • Management expertise • Technology transfer 2.17 • • • • OF CASABE PLANT AND PLANTING YUCCA FOR PROCESSING INSTALLATION This project is to set up a soymilk factory for the processing of OF AN INDUSTRIAL SOY FOODS AND DERIVATIVES PROCESSING PLANT Microsoy Flakes . In Honduras there is no soymilk processor of any kind, but in other countries of the region this product is well accepted. The products to be elaborated will be soymilk, soycheese, soyfruit juices and texturized soy protein. Production capacity is estimated to 600 lt/hr with a turnover of US$ 3.57 million. The company will be located in a free zone, thus having all incentives for export and tax free sales. This project has been carefully studied considering market and production tendencies. Joint venture Market access Sub contracting Buy back arrangement • Equipment purchase • Marketing expertise Project No. Local Sponsor Project Project Summary Estimated investment (million US$) Foreign cooperation sought RENEWABLE ENERGY HON/ ENE01 Company name:Azucarera Tres Valles Tel. : (504) 237-4307 Fax: (504) 237-2014 E-mail: catv@gbm.hn Employees: 1,500 Sales: US$13 million Location: San Juan Flores, Francisco Morazán, Honduras 15 MWH HYDROPOWER PLANT HON/ ENE02 Company name:Azucarera Tres Valles Tel. : (504) 237-4307 Fax: (504) 237-2014 E-mail: catv@gbm.hn Employees: 1,500 Sales: US$13 million Location: San Juan Flores, Francisco Morazán, Honduras 9 MWH RENEWEABLE ENERGY FROM BAGASSE HON/ WF01 Company name: Manufacturas del Trópico, S.A. Tel: (504) 669 3681 Fax:(504) 669 3633 E-mail: tropico@globalnet.hn tropico@mayanet.hn Employees: 472 Sales: US$5-7 million Location: Km. 7 autopista a Pto. Cortés, Choloma Cortés, Honduras. 23 A well establsihed sugar producer wishes to diversify into energy production. The project envisages to generate 15MWH power. Fifteen miles from the company's sugar cane facilities, up the river used to irrigate the sugar cane fields, is a canyon that can be used to build a dam to store water and generate electricity. The dam would be 40 meters high and would have the capacity to store water enough to generate an average of 33 GWH of energy per year based on the water flow from the river. Permits and concessions for the use of this land and the agreement on purchase of electricity by the National Electricity Company are in process. The project is for cogeneration of electricity. Currently the company generates its own electricity demand, however, they have the capacity to generate more electricity. Actual low pressure boilers produce steam using bagasse (residual product from sugar cane) left over from the mills; with a high pressure boiler and a turbogenerator they will be able to increase production from 3MWH to 9MWH of electricity, with the possibility (already under negotiation) to sell the excess of 6 MWH to the grid. WOOD PROCESSING AND FURNITURE DIVERSIFICA- This project aims to diversify the current high quality outdoor TION OF HIGH furniture. The company has established its trademark Weathercraft END in the outdoor furniture industry at the USA market and produces OUTDOOR several furniture categories, including 100% woven with synthetic FURNITURE fiber and exposed aluminium furniture with sling, cushion and PRODUCTION strap responding to market demands. AND MARKET The project also aims to expand its export markets in Canada, Latin ACCESS America, the Caribbean countries and Europe. 18 • Joint venture • Loan • Equipment purchase • Management expertise • Technical expertise 5 • Joint venture • Loan • Equipment purchase • Joint venture 12.2 • • • • Joint venture Loan Market access Marketing expertise • Technical expertise • Technology transfer • Joint R & D Project No. HON/ WF02 HON/ WF03 HON/ WF04 24 Local Sponsor Company name: INDEMAH Tel: (504) 565-9348/984 0737 Fax:(504) 565-9256/565-9304 E-mail: indemah@netsys.hn Employees: 80 Sales: US$ 1,700,000.00 Location: Col. San Antonio 400 metros al Sur de Residencial Montebello, San Pedro Sula. Company name: MANUFACTURAS Y PRODUCTOS INTERNACIONALES S. DE R.L. Tel: (504) 556-9148/556 7131 Fax:(504) 556-8352 E-mail: gilito@sigmanet.hn Employees: 60 Sales: US$ 1,052,000.00 Location: Blvd. del Sur, La Puerta, cont Tabacalera Hondureña, SPS. Company name: Diseños Metálicos Colecciones Tel: (504) 552-3776 Fax:(504) 552-3776 E-mail: Employees: 25 Sales: US$ 170,000.00 Location: Bo. Guadalupe, Calle 20 N.E. 4-5 Ave. San Pedro Sula, Honduras. Project MARKET ACCESS FOR FURNITURE PRODUCTS Project Summary The company is country leader in the manufacture of upholstered furniture for living rooms and in wood for dining rooms and recently manufactures beds. The objective of the project is to use 65% of the nominal capacity of production for foreign market, since for the national market only 35% is required. There is capability to manufacture different designs, if required, by potential market. Most of the wood used at this time is called San Juan Moreno and comes from a farm forest owned by the company. Estimated Foreign investment cooperation (million US$) sought 3.2 • Market access • Sub contracting EXPORT AND PRODUCTION OF PINE WOOD FLOOR (PARQUETS). This project envisages to find out adequate equipment for the production of pine wood for floors for the European continent. Countries such as United Kingdom, Ireland, France and Germany are importing this product from Central America, especially from Guatemala. The company has the appropriate raw material and expertise on wood processing, in order to compete in the parquet market. The idea is to produce parquets in Honduras and export them to the clients abroad. 0.47 • Loan • Equipment purchase • Technology Transfer FULL CAPACITY UTILIZATION AND EXPANSION OF METAL FURNITURE PLANT The project aims to modernize and expand its operation reaching production capacity and to introduce new furniture lines with finishing of natural fibers, Mimbre (wicker) exclusively for the export markets in USA, Canada and Europe, mainly Germany.The company produces for local market. Has 30 variety of metal furnitures, e.g. wardrobes, beds, kitchen cabinet, porch chair etc. using only 21% of its installed capacity. 0.66 • • • • Loan Market access Sub contracting Technical expertise • Buy back arrangement • Equipment purchase Integrated Programme Honduras UNIDO INVESTMENT AND TECHNOLOGY PROMOTION OFFICES (ITPOs) Athens, Greece Head of Office:Mr. Alexandros ROUSSOPOULOS 7, Stadiou Street 7th Floor, Syntagma 105 62 Athens Telephone: (301) 3248319, 3248367 Fax: (301) 3248778 e-mail:UNIDO@compulink.gr Beijing, People’s Republic of China Director: Mr. HU Yuandong 5-1-41 Tayuan Diplomatic Compound, No. 1 Xin Dong Lu Chaoyang District 100600 Beijing Telephone: (8610)6532 6140 Fax: (8610)6532 6145 e-mail: ipschina@a-1.net.cn or ipschina@bj.col.com.cn Manama, Bahrain Head of Office: Mr. Hashim HUSSEIN P.O.Box 10523 Manama Telephone: (973) 536 881 Fax: (973) 536 883 e-mail: ipsbah@batelco.com.bh Street address Bahrain Development Bank House Building No. 170. Road 1703 Manama 317 Bratislava, Slovakia Head of Office: Mr. Vladimír Wiedermann Grösslingová 35 811 09 Bratislava 1 Telephone: (421 7) 5933 7181, 82, 83, 84 Fax: (421 7) 5933 7189 e-mail: unido@itpo.sk and vwiedermann@itpo.sk e-mail:unido.ipo.milan@agora.stm.it Bologna, Italy Via della Beverara, 123 I-40131 Bologna Tel: (378) 690002 Fax: (378) 690003 e-mail: unido@iperbole.bologna.it Paris, France Head of Office: Mr. Gérard Gaveau 9, rue Notre Dame des Victoires F-75002 Paris Telephone: (331) 44550505 Fax: (331) 49269726 e-mail: onudifr@micronet.fr Seoul, Korea Head of Office: Mr. Wan-gil Kang c/o Korea International Cooperation Agency, 128, Yunkun-dong, Chongro-gu, Seoul 110-460 Telephone: (822) 747-8191/8192 Fax: (822) 747-8193 e-mail: unido@chollian.net Tokyo, Japan Head of Office: Mr. Hideo NAKANISHI Shin-Aoyama Building, W-16F 1-1-1, Minami-Aoyama/Minato-Ku Tokyo 107 Telephone: (813) 34029341 Fax: (813) 34029384 e-mail: itpotokyo@unido.or.jp Warsaw, Poland Head of Office: Mr. Krzysztof LOTH Aleje Niepodleglosci 186 00608 Warsaw Mail address: Skr. Poczt. 1,Warsaw 12 Telephone: (4822) 8259467, 8259186 Telex: 817916 UNIDO PL Fax: (4822) 8258970 e-mail: ips-waw@unido.pl Milan, Italy UNIDO CENTRE FOR INTERNATIONAL INDUSTRIAL CO-OPERATION Head of Office: Mr. Stefano GIOVANNELLI c/o Fiera di Milano Largo Domodossola 1 I-20145 Milan Telephone: (3902) 4815522 Fax: (3902) 4985925 Moscow, Russian Federation Director: Mr. Yevgeni BURMISTROV Ulitsa Kuusinena 21B 125252 Moscow Telephone: (7095) 943 0021 Fax: (7095) 943 0018 e-mail: unido-ciic@mtu-net.ru ITPO WALLOON Region Agence Wallonne a l’EXportation (AWEX), Plkace Sainctelette,2 B-1080 Bruxelles Tel: +32.2.421.82.11 Fax: 32.2.421.87.87 Email: mail@awex.wallonie.be http://awex.wallonie.b UNIDO Headquarters Office: Mr. Phillipe Walkiers, Head D2085 Tel.: +43 1 26026 3769 E-mail: pwalkiers@unido.org IPU Egypt Head of Unit: Mr. Alessandro PARLATORE Adly Street 8, Cairo Telephone: (202) 3915901 Fax: (202) 3957631 e-mail: unidoipu@link.com.eg or unipo@link.com.eg IPU Jordan Head of Unit Ms. Monica Carcó C/o. Jordan Investment Board P.O. Box 893 Amman 11821 Telephone: (+962 6) 5517454 Fax: (+962 6) 5517626 e-mail: unido@jib.com.jo or mcarco@jib.com.jo IPU Tunisia Head of Unit Mr. Maurizio Bonavia C/o. Ministry of Int., Cooperation 98, Avenue Med V 1002 Tunis Belvedere Telephone: (+216 1) 845145 Fax: (+216 1) 846747 e-mail: upi@mci.gov.tn IPU Uganda Head of Unit Mr. Robert Schuller C/o. Uganda Investment Authority The Investment Centre Plot 28, Kampala Road, P.O.Box 7418, Kampala Telephone: (+256 41) 251562/6 Fax: (+256 41) 344733 and 342903 e-mail:schuller@ugandainvest.com 25 UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Vienna International Centre, P.O.Box 300, A-1400 Vienna, Austria Tel: (43 1) 26026 4813/3693, Fax: (43 1) 21346 3693 E-mail: vhinojosa-barragan@unido.org/ opadickakudi@unido.org http://www.unido.org