The U.S. company, which still operates a plant in the country for the production of sandpaper and adhesive tapes, has begun the process of relocating its operations, which includes the closure of the factory operating in Heredia.
According to information released by the company, the closure of the industrial complex located in Santa Rosa de Heredia, follows a business strategy and is not a consequence of the economic crisis that generated the outbreak of covid-19.
The initiative aims to expand the scope of the Law on Multinational Companies to provide the same benefits to industrial companies who export their entire production.
In Panama discussion is taking place of a new law for Branches of Extended Multinational Enterprises (SEMA by its initials in Spanish), an extension of the law on Multinational Corporations known as SEM, in order to attract industrial companies with some similar benefits to those contained in the SEM.
Panama's potential for international trade and becoming a logistics hub connects well with trade agreements signed with various nations.
Gerald Gomez, general manager of Procter & Gamble for Latin America, said that "the Free Trade Agreements (FTA's) that Panama has are very important as their main objective is to open both local and international products which means there is an exchange between one country and another."
Bnet celebrated the 30th anniversary of the Post-It Note and extracted tips from its invention.
Margaret Heffman remembered how the Post-It Note was invented, and how it went from an idea deemed without potential to a massive commercial hit. A pillar of this was Geoff Nicholson and his stubbornness in believing in the project’s potential while his bosses did not.
Beverage Industry Digital Magazine established in 1942, the oldest Spanish trade journal and the only beverage trade magazine serving the Latin American beverage market. It serves soft drink bottlers, brewers, bottled water...
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