The International Meal Company (IMC), operator of the Food Court at Tocumen Airport, will expand its investments in the country.
Jose Algarin Pabón, a company executive said when work is finished at the Food Court in the next thirty days, they will be venturing into new projects in both the public and private sector.
On the government side, he said they are interested in providing service to “hospitals, prisons or any government institution that handles large amounts of food. " reported an ariticle in Padigital.com.pa
On November 15th the company will start works on the IMC dining area of the airport in Panama.
The executive director of International Meal Company (IMC) for Central America, Jose Algarin, stated that with the $ 4.5 million investment will enable an area of 1,400 m2, where 10 restaurants will operate.
It is estimate the work to be completed by the end of January 2011.
International Meals Corporation (IMC) won the administration of the food court of the Tocumen Airport, in Panama, for the next 15 years.
The company will invest about 5 million dollars in the next 4 months, introducing marks as Margaritaville, Cinnabon, Häagen Dazs, Quiznos, Teriyaki, Carls Jr., Dominos, Chesters and the local franchise Maritanos Café, explained to prensa.com its director, José Algarín.
International Meal Company Holdings S.A. will invest $7 million to expand its operations to Panama.
The group is one of the Latin American leaders in fast and casual food. Its expansion plans are centered in Panama and the Caribbean. Through private transactions, they have raised some $100 million to fund these plans.
José Algarín, CEO of IMC for Central America and the Caribbean, remarked that “40% of our investment will be focused on our Caribbean expansion, which includes Puerto Rico, Dominican Republic and now Panama”.