Panama gives green light to Caterpillar contract

Panama's comptroller-general ratified a contract between Caterpillar Latin America, the Finance Ministry and the Agency for Panama-Pacific Special Economic Area.

Monday, May 26, 2008

Under the contract, US-based Caterpillar acquired two building lots in Howard for a total of US$6.75 million. Caterpillar plans to build a laboratory on one of the lots for lubricants for machinery made by its subsidiaries, as well as a training center and a showroom for its construction equipment.

More on this topic

Caterpillar to install regional HQ in Panama

May 2008

Caterpillar has acquired 100 hectares of land on Panama's Pacific coast at a cost of 6.7 million dollars to set up a regional headquarters for Latin America.

Representatives of Caterpillar and the Panamanian government signed the sales contract Tuesday for land in the Panama-Pacific Special Economic Area.

Caterpillar Invests $25 million in Training Center

March 2009

The multinational construction company started building a training center for the entire continent in Panama.

According to statements from Martín Torrijos, President of Panama, in an article by AFP in mipunto.com, the new center will create about 500 jobs and represent an investment of $25 million.

FedEx Confirms Investment in Honudras

December 2011

With an investment of $25 million the multinational will build a logistics park in Valle de Amarateca, together with company Gutiérrez Logistics.

In an area spanning 70 hectares, the logistics center will feature complete services, container parking, security systems, fiber optics, banks and even a health center.

The Advantages of Tocumen as Cargo Hub

February 2016

As a gateway to 90 destinations in America and Europe, and soon Asia, Panama International Airport is venturing into the high value air cargo business.

The development of the logistics area at Tocumen International Airport will bring opportunities for infrastructure development in terms of roads, land leveling and construction and fitting of galleys and sheds.

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