Meat Processing Plant in Panama

An announcement has been made that negotiations are taking place with Chinese investors to build a slaughterhouse to process and export beef from La Chorrera.

Friday, January 9, 2015

The project, valued at $8 million, is seeking foreign capital investment and from representatives from the Municipality of La Chorrera, in order to create a joint venture to develop the plant and then allocate production to the local market, China and the United States. Data provided by livestock enterprises that are driving the project indicate that the slaughterhouse need to stock up on 400 cattle per day in order to meet projected demand.

Edwin Cardenas, director of the Institute of Agricultural Marketing, told Prensa.com that "... It is still too premature to talk about percentage shares in the company ... But it is important to mention that ... The purchase of the 10 acres required for the project is included in the investment of $8 million. "

Sergio Lay, from the China Association of Panama, added "... The plant will operate with the latest technology and it is expected to generate 600 new jobs in the region. Interested investors have experience in this type of business in Panama and see a potential market to meet their demand for meat. "

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