Panama: $20 Million More in Micro-storage Facilities
In the coming months, the company Almacenajes S.A. plans to begin constructing three new warehouses.
Wednesday, September 22, 2010
Almacenajes S.A. currently has six facilities in Panama with approximately 6,000 "minidepositos" (small storage depots). Marissa Valencia, vicepresident, commented that in the next few weeks they will be opening new branches. One is planned for the town of David toward the Costa Rican border, and another for Gorgona near the capital city.
In the last four years $80 million has been invested in the installation or expansion of Micro-storage centers, together with recent growth in demand.
Although investments in this sector in recent years have exceeded $50 million in Panama, there is still unmet demand for storage solutions which are more or less temporary.
Galores Cold Storage is investing $30 million in building a refrigerated storage facility in east Panama.
Brazilian-based Grupo Galores inaugurated in Juan Díaz a warehouse for personal or "mini" storage.
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