Armored Vehicles in Guatemalan Elections
It is expected the 2011 elections to be the most violent in years, leading to increased demand for security products.
Tuesday, November 23, 2010
Armored vehicle companies report increases of up to 70% compared to last year. The service is demanded by businessmen and also by leaders of political parties, who require high-level armor capable of withstanding assault rifles.
Upon growing insecurity and violent crime in the region, the protection offered by bullet-proof cars is sought more and more.
Insecurity has meant an increase n the number of firms in the industry, and now they are focusing not only on the segment with the highest purchasing power, but on a new growing market consisting of traders and business managers.
Khalil Musa, 74, was the owner of the Lacetex S.A., a textile company and former director of business associations in Guatemala.
Paying for armed custody, satellite tracking and “tolls” to armed gangs are some of the additional costs that must be paid when transporting goods in Central America.
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