Lincoln Electric considers investing in Panama
The multinational company, a global leader in welding equipment, is considering expanding to the region via Panama.
Thursday, January 22, 2009
Prensa.com reports: "No decision has been made yet, but the company could set up a sales office or regional training center in Panama, or even an industrial plant.
The processor giant will invest $80 million in equipment upgrades at its plant in Belen, Heredia, in order to produce a new chip.
The opening of the branch is in accordance with the company's expansion plan for Central America.
The mining company has signed contracts with four companies to supply its fleet of mobile mining equipment.
The Corporación Industrial Centroamericana (Cornica) makes the investment to update its production facilities.
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