Imports of tools and ironmongery products reported last year in the country totaled about $500 million, and 21% of purchases were monopolized by four companies.
From the report “Ironmongery products market” in Central America complied by the Business Intelligence Unit at CentralAmericaData:
From January to March of this year, imports of paints and varnishes into the country totaled $12 million, and the value purchased from companies in Costa Rica decreased by 7% compared to the same period in 2017.
Figures from the information system on the Market for Paint and Varnish in Panama, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The National Electrification Institute of Guatemala is putting out to tender cleaning and maintenance of 12,000 square meters of high pressure piping at the Aguacapa plant.
Guatemala Government Purchase 8627495:
"Exterior cleaning of the pipe between stations 201 to 244 and 313 to 545 is required, equivalent to an approximate of 11,862 m2, the cleaning must be done using sand blast (abrasive jet) under pressure, at almost white metal grade according to specifications.
In 2017, trade in paint and varnish among countries in the region amounted to $142 million, 7% more than in 2016, and the highest value in the last six years.
Figures from the information system on the Market for Paint and Varnish in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
In 2016, imports of paints and varnishes amounted to $52 million, and the value imported from Mexico grew by 54% compared to 2015.
Figures from the Information System on the Market for Paint and Varnish in Panama complied by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
In 2016, the value of the paint and varnish sales among Central American countries totaled $133 million, 2% more than was traded in 2015.
Figures from the Information Systemon the Market for Paint and Varnish in CentralAmerica complied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with the graphic"]
Reports state that Glidden plans to invest $20 million in the construction of a paint manufacturing plant in Panama.
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."
The value of trade in paint and varnish among Central American countries adds up to $90 million and Nicaragua leads imports with $21 million.
Figures from the Information System on the Market for Paint and Varnish in CentralAmerica by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Clic para interactuar con la gráfica"]
In Costa Rica Grupo Sur plans to invest between $60 million and $70 million in the construction and equipping of a new paint production center in El Coyol, Alajuela.
The construction of the new facilities by the company will take place in an area measuring 150 thousand square meters which Grupo Sur possesses in the industrial zone of El Coyol in Alajuela.
The Ministry of Education in Panama is putting out to tender a supply of painting and varnishing equipment for the maintenance of 1,381 schools nationwide.
Panama Government Purchase 2016-0-07-0-99-LP-025918:
"The goal is to provide equipment for painting and varnishing, in order to carry out maintenance work on 1,381 schools with more than 50 and less than 500 students nationwide, in order to benefit the educational community.
In a market that consumes about 40 million gallons of paint a year, agility in corporate management is a key factor.
An analysis of the Central American market made by Velia Jaramillo in an article on Estrategiaynegocios.net highlights from the beginning its main features: "...The mosaic of the Central American paint industry looks more colorful than ever.
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.
PPG Industries has completed the acquisition of Comex Central America, adding 57 stores to its sales network in Central America in the paint and refurbishment line.
From a press release issued by PPG Industries:
PITTSBURGH, June 2, 2015 – PPG Industries (NYSE:PPG) today announced that it has acquired Consorcio Latinoamericano, which operates a network of 57 paint stores in Central America. Financial terms were not disclosed.
Between 2007 and 2014 Guatemalan exports to Chile grew by 15%, led by sales of sugar, equivalent to 70% of the total, followed by natural rubber, paints, varnishes and prepared foods.
In total exports from Guatemala to Chile increased from $43.4 million in 2007 to $112.7 million in 2014. Sugar reported an annual growth rate of 13%, reaching $79 million in exports in 2014.
The Instituto Costarricense de Electricidad invited bids for the purchase of paint for a surge tank, piping and shielding for the Reventazón Hydroelectric Project.