BASF to Invest in Panama
The German company announced construction of a concrete plant in Howard.
Wednesday, February 23, 2011
According to reports from Prensa.com, the announcement of the construction of the plant to produce concrete, mortar and cement additives will be held by the company on February 23.
“Cemento Panamá” and “Cemex Panamá”, assured they are capable of coping with the surge in demand caused by the upcoming expansion of the Panama Canal, without importing cement.
The cement company has announced it will be investing $35 million over three years to increase the production capacity by 25% at the plant it operates in Costa Rica, near the border with Nicaragua.
The company received a report from the Government, stating the lack of arguments for opposing the construction of its new concrete plant in San Juan Sacatepéquez.
An environmental impact study has been presented for the construction of a production plant for hydraulic concrete and complementary works in Rio Blanco, province of Limón.
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