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."
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.
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