The impact of the covid19 crisis on the construction sector in Central America is expected to be explained, to a greater extent, by the expected fall in the business of prefabricated steel structures.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico.
The company manufactures and sells telescopic, articulated, maritime, forestry, scrap, salvage, trawl, platform cranes, hydro elevators and backhoes.
In Panama, a tender is being launched for the design, construction and supply of equipment for a solid waste transfer station and operations base for Panama East.
Panama Government Purchase 2018-2-98-0-08-LV-003567:
"The Design and Construction of one (1) Urban Solid Waste Transfer Station is required, and (1) Base of Operations for the area of the capital city known as Panama East that will serve to improve the process of collection and transfer of waste from the area.
The demand for machinery in the construction sector is characterized by a need for local back up in terms of technical support and availability of spare parts, guarantee of operation, and facilities for purchase or leasing.
An article in Revista Construir notes that among the machinery needed for regional infrastructure projects are "hydraulic excavators, front loaders, retro excavators, articulated trucks, motor graders, soil compactors, crushing plants, electric generators, trucks, wagons, trailers, steam rollers, asphalt distributors, milling machines, road reclaimers, sweepers and water tanks."
From 9 to September 13 companies and providers to the construction industry will be exhibiting their products at Expo Habitat 2015, with the expectation of closing business worth $160 million.
The Panamanian Chamber of Construction expects to achieve $160 million in deals made at the Expocapac fair, which expects the participation of over 400 exhibitors.
While in the US the number of man hours needed to build a house is 9.4 hours per square meter, in Costa Rica it takes between 40 and 60.
Low labor productivity, on top of the cost of building materials, social charges and high costs of other materials such as energy, are preventing firms from being more competitive in an industry where both end house prices for completed works and gray works, exceed those in neighboring countries.
The Electoral Tribunal of Panama is putting out to tender the construction of an addition to its headquarters on Avenida Omar Torrijos Herrera.
Panama Government Purchase 2014-0-40-0-08-LP-004968:
"SUPPLY OF ALL LABOR, MATERIALS, TOOLS, MACHINERY, EQUIPMENT, TRANSPORTATION, SUPPLIES AND EVERYTHING NEEDED TO CARRY OUT THE WORK OF CONSTRUCTION OF A ANNEX BUILDING AT THE ELECTION TRIBUNAL SITE ON AVENUE OMAR HERRERA TORRIJOS, PANAMA CITY. "
In the event held by the Panamanian Chamber of Construction companies from the sector struck deals on home sales, farm and construction equipment worth $145 million.
Carlos Allen, chairman of the Committee on Trade at the Panamanian Chamber of Construction (CAPAC), told Panamaamerica.com.pa that "... factors such as low interest rates, the exhibition of agricultural and construction equipment, 'Do It Yourself' workshops, the Business Roundtable and Security Camp are some of the causes of the event surpassing expectations. "
The activity will be held on September 11th in the Atlapa convention center and seeks to bring together providers and companies from around the world.
The Construction Chamber is organizing the business meeting, which will take place during Habitat Expo on September 10th-14th in the Atlapa convention center.
From a statement issued by the Panamanian Chamber of Construction (CAPAC):
The Asian giant has a vast and growing construction industry, that will amount to $700 billion in 2015, meaning significant opportunities for companies in the isthmus.
Baltodano Mauritius’ analysis focuses on the opportunities for Costa Rica companies in China in the spheres of Architecture, Engineering and Construction, but its concepts and conclusions can be extrapolated to the entire region.
The economic dynamism that the canal country is experiencing is also boosting Costa Rican exports.
Electric cables, antiserum and medicines are the most popular products bought by Panamanians from Costa Rican companies, according to the Costa Rican Foreign Trade Promoter .
One of the fastest growing sectors in Panama is the construction industry, which has led to a significant increase in purchases of certain materials, such as electrical cords, which are made in Costa Rica.
The Ecuadorian company Importadora Industrial Agrícola is negotiating the purchase of Cardoze & Lindo, Panama's leading provider of heavy equipment to the construction sector.
The general manager of Cardoze & Lindo, Jorge Cardozo, told Prensa.com that negotiations for the sale of shares by the distributor of the Caterpillar brand in Panama, could be finalized by the end of September.
International companies are installing themselves in the country interested in being part of the booming construction sector business.
More and more companies are looking to Panama with the idea of generating business in a country whose economy is growing at speed.
Such is the case of Dayton Superior, a U.S. company which supplies chemicals and special concrete parts for the construction of large buildings, it has decided to invest and settle in Panama.