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November 9, 2022
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American multinational took advantage of the rise in the dollar in Colombia to make a millionaire investment

Inflation in the United States increases 1.0% and reaches 6.8% in one year

The high price of the currency in Colombia has been one of the issues of concern, since, due to inflation, many products began to rise in price. However, some companies have taken advantage of this and have begun to generate large investments in the country to increase productivity and thus contribute to the reduction of unemployment.

For this reason, the North American company Orbia, via Pavco Wavin, will make a significant investment in the construction of plants that specialize in the creation of synthetic materials with high-tech machinery.

Also read: Dollar in Colombia: the currency closed the day this Tuesday at $5,013 pesos

What is known so far is that Pavco will have an investment of over 2.5 million dollars, which will be invested in production. Geosynthetics in 3D that will be the first of this type of machinery that are put into operation in the country.

Likewise, Rodrigo Pinzón, director of Geosintéticos Wavin in Latin America, commented to the newspaper La República that “This investment will be the result of Pavco Wavin’s commitment to contribute to the consolidation for the growth of this industry in Colombia. Therefore, it seeks to meet the different needs that have arisen over the years to create efficient and high-tech solutions”.

Thus, the company mentioned that these new plants will also have an important focus and that is the production of elements that are sustainable, and more if one takes into account that the constant climate change it generates affectation problems such as the rains in different parts of Colombia.

Also read: Tamales are at risk of not being produced in December: high price of the leaf makes them inedible

Pinzón also pointed out that from this company “We have been working continuously to provide specific solutions that allow make repairs in cities and infrastructures to redo challenges that revolve around what are the constants of climate change in the country.

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