Ecuador
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Sidec completes US$500,000 invesment program

Bnamericas Published: Thursday, March 17, 2005
Ecuadorian metals fabricator and steel products manufacturer Sidec has completed a US$500,000 investment program aimed at upgrading technology at its plant to improve production and satisfy local and export markets, CEO Marcelo Pérez told BNamericas. "We did this to boost production and at the same time exports. We currently export to Peru, but we plan to export to Colombia and Panama," he said. One of the biggest new items of technology is a 1,000t press acquired in mid-2004, which has helped the company increase exports to Peru. Sidec makes bridges, hangars and tubes for the domestic market and exports products such as water heaters, gas tanks, sink units and food and beverage coolers. PLANS GOING FORWARD In the medium term the company plans to invest a further US$500,000 in machinery, basically to upgrade current equipment, Pérez said. Sidec expects ISO 9000 certification toward the end of this year, he said, which will help its export plans. The company has been waiting for ISO 9000 certification since early 2002, but the process has been delayed because the person in charge retired from the company.

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