BASF to Invest in Panama

The German company announced construction of a concrete plant in Howard.

Wednesday, February 23, 2011

According to reports from Prensa.com, the announcement of the construction of the plant to produce concrete, mortar and cement additives will be held by the company on February 23.

Other German companies such as DHL (currently operating at the Tocumen International Airport) and multinational Kühne + Nagel, are analyzing also the Panama Pacific Special Economic Area in Howard as a possible location for investment.

More on this topic

Costa Rica: Cement Plant for $18 million

March 2015

An environmental impact study has been presented for the construction of a production plant for hydraulic concrete and complementary works in Rio Blanco, province of Limón.

Cemex de Costa Rica SA has presented an environmental impact study for the installation of the plant, the construction of additional works, installation of an office and laboratory in Rio Blanco in the province of Limón.

More Cemex Investments Near Grand Canal

December 2014

The cement company has announced it will be investing $35 million over three years to increase the production capacity by 25% at the plant it operates in Costa Rica, near the border with Nicaragua.

From a statement issued by CEMEX:

MONTERREY, MEXICO - CEMEX, SAB de CV ("CEMEX") (BMV: CEMEXCPO) announced today that its subsidiary CEMEX Latam Holdings, SA ("CLH") (BVC: CLH) initiated a project to increase cement production capacity of its plant in Colorado, Costa Rica, by approximately 25% in order to reach an annual capacity of 1.1 million tonnes in 2017.

Panamanian Cement Companies Confident on Coping With Demand

May 2010

“Cemento Panamá” and “Cemex Panamá”, assured they are capable of coping with the surge in demand caused by the upcoming expansion of the Panama Canal, without importing cement.

Together they are capable of producing 3 million tons a year: Cemex 1.4 million and Cemento Panamá 1.6 million.

"Cementos Progreso" Confirms Investment in Guatemala

October 2009

The company received a report from the Government, stating the lack of arguments for opposing the construction of its new concrete plant in San Juan Sacatepéquez.

The announcement was made by Jorge Lemcke, General Manager of Cementos Progreso, also known as Cempro.

"Cempro expects to start importing machinery and equipment in February 2010, and begin construction in August.

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