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Latin America Investment News on Viva Tropical

Panama Pacifico Grows to Over 130 Companies

Article Summary:

The number of companies operating in the industrial and logistics complex of Panama Pacifico, the former Howard military base, has reached a total of 135. On average about four companies open business per month, the latest companies to arrive are BASF Panama, Kio Networks y Telered S.A.

Photo Credit: Prensa

Original Article Text From Prensa via Google Translate :

135 companies operating in Panama Pacific
The number of companies operating in the industrial and logistics complex Panama Pacifico, the former Howard military base, to 135. Monthly, about 4 record companies to start operations in this special area, managed by London & Regional.

Most of the companies operating there is linked to manufacturing in the technology sector, construction and aviation, among others.

BASF Panama, Kio Networks and Telered SA are the latest companies who have settled in Howard. An unofficial estimate suggests that companies have already started operation have invested $ 300 million in the area. Not to mention the $ 500 million has been allocated to London & Regional infrastructure of the area.

Olmedo Alfaro, manager of the Panama Pacific Agency (APP), state agency that oversees the registration of companies in the area, said that in recent years have streamlined the process of registration in the complex.

Alfaro also noted that the JPA was created eight years ago, is investing in two training centers. The first to begin operations next August and will have 12 simulators. The two centers represent an investment of $ 17 million.

In addition to the handling of heavy equipment and use of advanced technology, workers will be taught English and other disciplines.

Howard currently employs about 7 thousand people, and for 2014 it is estimated that the figure will exceed 10 thousand workers.

Link to Original Article:

From Prensa

Latin America Investment News on Viva Tropical