Machinery Sales: Optimism in Panama

Businessmen dedicated to the commercialization of machines and heavy equipment expect that between the end of 2020 and the beginning of 2021 sales will begin to recover, derived from the mega-projects that will be executed in the country.

Thursday, February 6, 2020

The public infrastructure projects that are close to being developed and that have generated expectations among the sector's businessmen are the construction of the fourth bridge over the Panama Canal and Line 3 of the Panama Metro.

See "Fourth Bridge over the Canal Approved" and "Line 3: Award Confirmed in Panama"

Adolfo Icaza, president of the Association of Machinery Distributors (Adimaq), told Prensa.com that "... the sector's projections are positive, as 2020 is presented as a stable year with growth projections for 2021."

Also see "Which companies supply machinery in Central America"

Icaza recommended the "... Government not to invest directly in the purchase of equipment. The State is not a good administrator, the last government bought a significant number of equipment which generates high maintenance costs because they are not used efficiently."

According to the businessman, the most convenient thing is that the private sector buys this equipment to be used in state projects.

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Machinery: Business Outlook for the Region

March 2020

If the quarantine and mobility restriction measures are extended by two months, it is forecast that by the end of the year the annualized demand for repair and maintenance services of machinery and industrial equipment in Central America will have fallen by 5%.

The "Information System for the Impact Analysis of Covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector or economic activity, considering different scenarios for the coming months.

Machinery: International Event in Panama

January 2020

From February 5 to 7, the event called "Expo Machine 2020" will take place in the country's capital, where several types of machines, equipment, products and services from the construction, industrial, logistics, maritime, mining and agricultural sectors will be offered.

The event's organizers informed that for this year's edition, 70 exhibitors will participate, including national and international ones, who will exhibit an average of 200 brands.

Businessmen are Confident of Export Recovery

July 2019

Although in the first half of the year sales abroad reported a slight decrease of 0.4% over the same period in 2018, the business sector in El Salvador expects exports to rebound in the remainder of the year.

Exports from El Salvador up to June of this year registered a total of $3,033.9 million, with a reduction of $13.6 million, compared to the same period in 2018, when the total amounted to $3,047.4 million, informed the Central Reserve Bank.

Illegalities in Tender for Work Equipment Denounced

September 2016

The union of distributors of equipment in Panama has denounced the existence of illegal requirements in the specifications of a tender to provide motor graders.

The Association of Machinery Distributors (Adimaq) argues that the request for proposal documents for best value tender No. 2016-0-16-0-08-LV -011526 to supply 15 motor graders included "... in an illegal manner, new conditions for sanctions and disqualifications after legal compliance, thus violating Public Procurement Law 22 of June 27, 2006. "

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