Colombian Iron and Steel Company Buys Plant in Panama

With an investment of $10 million, Ferrasa S.A. acquired the Aceros Transformados Panamá and a distribution center in the country.

Thursday, June 11, 2009

The Colombian Steel Group based itself in Panama due to the high rate of economic growth and the growth in the construction sector with the objective of serving the entire Central American region from Panama.

According to Portafolio.com.co, "The establishment of Ferrasa abroad also was motivated by the need to provide products and services to foreign and Colombian businesses which contribute to the expansion projects in the Panama Canal."

Ferrasa S.A. has more than 45 years of operation in Colombia and, at present, it covers 15% of the Colombian steel market.

More on this topic

El Salvador: Metalworking Exports Recover

May 2014

After two years of decline, the sector's exports in 2013 amounted to $262 million, an increase of 7% compared to 2012.

In 2013 the metalworking industry managed to overcome the economic crisis that began in 2008 and managed to export $262 million. The sector has been able to recover production levels of previous years thanks to the Central American market focusing on certifying quality and entering into new product lines, with the best selling ones being iron rods, flat sheets, plates, fittings for structures laminates, and barbed wires.

Costa Rica: Printing, Plastics and Metalworking Industries Meeting

August 2011

The Printing, Plastics and Metalworking Industries in Costa Rica have joined forces for an event entitled the "First Multisectoral Meeting of the Printing, Plastics & Metalworking Industries 2011" to be held on 20, 21 and 22 of October, in CENAC, in la nave de ladrillo de la Antigua Aduana.

This meeting will feature approximately 120 affiliated and non-affiliated sectors such as metallurgy, services for the printing industry, plastics and suppliers, among others.

Colombia interested in the region

May 2009

At the opening of "Eje Exporta 2009,” the president of ACOPI said that “Central America is one of Colombia’s target markets."

Alberto López Castro, president of the Colombian Association of Small and Medium Industries (ACOPI), noted the importance of the event to publicize Colombian products and service offerings, and to explore new markets, especially Central America.

Aliaxis and Durman buy Brazil plant for $45 million.

September 2008

Aliaxis Latinoamérica (Alila), the company formed from the merger of Costa Rican firm Durman Esquivel and the Belgian group Aliaxis, acquired a PVC pipe plant in Brazil for some $45 million.

Mario Gomez, legal representative of Durman Esquivel, said that the group bought the Provinil plant from Brazilian firm Companhia Providência Indústria e Comércio.

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