Thermaflex Invests $4 Million in Panama

The thermal insulation company will set up its factory in 2011 to serve markets in Mexico, Colombia, Costa Rica and the Dominican Republic.

Thursday, August 5, 2010

This month the company will open a local office in the Panamanian capital's Panama Pacifico complex located in the Howard area.

Thermaflex's Latin American director, Alex Huis, comments that, "in 2011 the company's regional distribution center for Central and South America will move from Mexico to Panama," according to

More on this topic

$10 Million to Enlarge Panamanian Construction Plant

February 2010

Metales S.A., a construction materials company, will invest $10 million in new plastic machinery to serve the Bay Cleanup Project.

Rogelio Miró, president of the company, commented they are installing the required infrastructure to develop the first production line of its kind in Panama.

Guatemala: New PVC Products Manufacturing Plant

February 2015

Mexichem has completed construction of its new production facility for making piping systems, fittings and PVC products in Escuintla.

The company Amanco, a member of Mexichem Group, opened its new production plant, which required an investment of $20 million. This new factory will replace the one which operated for 40 years in the zone 12 of the capital.

Durman Esquivel bought another company in Colombia

August 2008

Costa Rican firm, Durman Esquivel, which is currently a part of the Belgian Aliaxis Group, bought PVC Celta, a pipe factory en Barranquilla. This is in addition to another company they already bought - Tuvinil - that is located in Cartagena.

Mario Gomez, legal representative of Durman Esquivel, said that the deal was sealed on August 11.

MultiFrio Invests $2.5 Million in Costa Rica

June 2010

Air conditioning and cooling company “MultiFrio” will invest in a distribution facility and a corporative center.

The wholesaling center will be used by its subsidiary Coolspot.

The new facilities will feature over 1000 square meters of constructed space, and will be located in Paso Ancho, in the southern section of the city of San José.

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