Paint Plant to be Built in Panama

Reports state that Glidden plans to invest $20 million in the construction of a paint manufacturing plant in Panama.

Wednesday, June 14, 2017

The new plant is expected to be operational in the second half of 2018, according to statements made by Marcos Achar Levy, CEO of PPG Industries, as reported by Martesfinanciero.com. Although the location of the factory, Achar Levy has not yet been defined, the investment has been already "... approved by the board of directors of the multinational."

Martesfinanciero reports that "...According to Achar Levy, "Panama has been growing significantly in recent years" and has been among the "best performing" markets in the region, he adds.  "The trend is extremely important for us because we want to rise on this wave of growth."

"... "This investment (of $20 million) responds to the service that we want to guarantee our customers. We have to be closer to them, with better answers. We recognize that fundamental idea.  That is the center of everything." 

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More on this topic

Paints: $20 Million for New Plant

October 2019

The Guatemalan business group Solid, manufacturer of Paleta and Corona paint brands, will invest $20 million in a production plant in the Dominican Republic.

With the projected investment, the business group plans to distribute its Corona brand products in 12 stores and 500 hardware stores in the Dominican Republic.

Paint Industry in the Region is Moving

June 2015

PPG Industries is preparing the relaunch of the Glidden brand in Central America from Panama, where it has already opened nine new stores and plans to open another 16, on top of the 75 already operating in the country.

With a view to strengthening operations in the region, after the acquisition of Comex , PPG Industries will invest $6 million in renewing its portfolio and the position of the Glidden brand in Central America.

New Paint Plant for $18 million

October 2011

Grupo Solid has opened its new ‘Superbia’ factory in Escuintla, allowing it to double its production capacity and expand into more markets.

With the increase in installed capacity they expected to increase production by 100% and so start their expansion plan in the Central American market.

Guatemala to Export 22 Million Gallons of Paint in 2012

April 2011

Operations have begun at new Celco and Grupo Solid paint manufacturing plants, enabling new markets to be opened.

The increase in installed capacity is expected to lead to an increase in production. By 2012, the manufacture of 30 million gallons of paint are estimated to be possible, of which 8 million gallons will go toward national markets and the rest will be exported.

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