Guatemalan Companies Aren't Renewing Machinery

In the face of the economic crisis, many entrepreneurs choose not to invest in new machinery, but rather to provide maintenance to existing ones.

Thursday, August 20, 2009

For the first half of the year, imports of machinery and production equipment diminished 22.3% when compared to the same period of 2008.

"Agricultural machines sales have been dropping for the past three years", reports Sigloxxi.com. "Businessmen are providing maintenance to their equipment instead of renovating them, acknowledged Marco Antonio Paxtor, president of the Guatemalan Agricultural Federation and Association".

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