Chinese Industrial Investment in Panama

It has been announced that the heavy equipment manufacturer Shacman will be setting up an assembly plant in the Colon Free Zone.

Tuesday, February 27, 2018

The information was provided by the Chamber of Commerce of Colón, whose representatives detailed that in addition to installing the heavy equipment assembly plant, they foresee accessing other markets in the region from Panama.

See also "Central America: Tractor Market Up 14%"

Aníbal Vallarino, executive director of Shacman Panama, explained to Elcapitalfinanciero.com that " ...These pieces of heavy equipment were designed to offer a higher load capacity than much of the equipment available in this sector and at a much more accessible price, but without sacrificing quality, as they have Cummings engines, Eaton transmissions and Mac suspension, brands recognized at a global level."

Xie Yan, Shacman representative for Latin America and the Caribbean, "... noted that the company's factory is located in the northwestern city of Xi'an and has more than 40 years experience.

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