HONDURAS
Oettinger Davidoff AG, the worldwide leading manufacturer of premium cigars headquartered in Basel, Switzerland, announced in late May the official inauguration of its new factory in Danlí, Honduras.
After acquiring tobacco plantations in the Condega region of Nicaragua and in the Jamastrán Valley in Honduras, the company purchased land in Honduras in 2015 to build a new cigar factory. The new facilities are located in the city of Danlí, Honduras’s main tobacco region, southeast of the capital on the Panamerican Highway, a few kilometers from the border with Nicaragua.
With this strategic move, the company responds to the fast-growing global demand for its key Camacho brand as well as strong US growth on its Baccarat, La Fontana, Legendario, and National brands.
Hans-Kristian Hoejsgaard, c.e.o. and board member of Oettinger Davidoff AG, said, “I am proud to officially inaugurate our new factory. It is not only a milestone in the history of our company, but also reflects our global “crop-to-shop” philosophy with this extension of the vertical integration of the business. Our investments mirror the strong growth on Camacho over the past five years which saw its global sales double, as well as the needed production capacity to continue expanding Camacho globally. Furthermore, I am particularly glad that we are able to make a substantial contribution to Honduras’ economic and social development by employing over 500 people in Danlí.”
Manuel Batista, general director Central America, Danli, Honduras, said, “Leading and managing this splendid new factory is the greatest honor in my career thus far. In view of important future projects, combined with our focus on cost optimization and improved working capital, this is the perfect time to consolidate and further expand the Honduran craftsmanship.
It makes me very proud to see our team of Master Blenders and cigar artisans strive relentlessly to build up and continue to develop the business of Oettinger Davidoff worldwide. They are the ones who bring to life our finest quality cigars; thrilling aficionados across the globe.”