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Grupo Solid seeks expansion

Guatemala. The Solid Group, manufacturer of Corona and Palette paints, announced that it plans to develop an expansion strategy in new markets during this year, and for this it will strengthen its presence in some Caribbean countries and open new niches in South America.

The company seeks to improve in Puerto Rico, Cuba, Mexico and the Dominican Republic, and at the same time will open stores in Colombia and Peru, Yara Argueta, the company's executive president, told local newspaper Prensa Libre.

The company will invest around one million dollars this year in the construction of a satellite plant in Panama, from where they will serve the Caribbean markets. In Colombia they will install a warehouse for the distribution of the product and their own work network. While in Peru the purpose is to acquire a plant of paints.

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