Turbowinds, the former US WindMaster, is a Belgian company with over 30 years in the wind turbine and windmill market in Belgium, Ukraine and India. ITP will have 50 employees in Panama in the beginning and is looking to have orders of between 50 and 100 wind energy generators in the first year.
According to a note published in prensa.com, the factory, which is located in Panamá Pacífico, will start operating in late 2009.
In the special economic area at the former Howard Air Base there are now 164 companies operating in different sectors with investment so far totalling $270 million.
Capital.com.pa reports: "Some 164 companies are operating in the Panama Pacifico. 30% of them are in the services and retail stores sector, 18% are in the maritime industry, 15% are logistics companies, 13% are high value-added industries and the remaining percentage corresponds to other economic activities. "
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