The plan to sustain growth basically consists of investing what is needed to expand the production capacity of the facilities located in Costa Rica.
Despite the current unfavorable economic environment, Sigma Foods intends to maintain its sales growth in Central America in 2009, according to Julio Mijares, its director for this region.
The plan to sustain growth basically consists of investing what is needed to expand the production capacity of Sigma’s factories in Central America, especially the sausage and cheese factories, both located in Costa Rica. With this, they intend to increase sales to the rest of Central America. According to Mijares, the installed capacity in Costa Rica will be used by Sigma as an export platform for the rest of the region, and for now there are no plans to export to other countries outside of Central America.
Although Sigma plans to expand its operations in Central America by 2009, it will do so cautiously, and will wait until 2010 to make additional investments if it suits it.
Sigma Foods is a Mexican company that settled in Costa Rica in 2002 through the acquisition of Embutidos Zar and Inlateca, a producer of dairy products. Sigma also has a meat products factory in El Salvador.