Coosemupar Negotiates with Banana CompaniesMonday, February 1, 2010 Officials from the Panamanian government are negotiating with Del Monte, Fyfess and Dole, in order to created a mixed, private-public company. The government’s delegation includes Leroy Sheaffer, from the Agriculture Ministry; Roberto Santamaría, National Banana Director, and two delegates from the National Bank of Panamá. Panama: $55 Million to Reactivate Banana PlantationsThursday, July 15, 2010 Russian-owned JFC Group has presented a proposal to resume operations at Coosemupar’s plantations. The three-year investment plan in the Puerto Armuelles cooperative (Coosemupar) located on Panama's Pacific Coast will look to renew the plantations, develop new irrigation and improve packing systems. Authorities Propose Mixed Company to Run CoosemuparWednesday, January 13, 2010 The Agriculture Ministry of Panama proposed the creation of a mixed public-private to run the banana plantations in Barú. Both the Government and the interested company would invest $20 million. Panama: 6 Proposals to Reactivate CoosemuparThursday, November 19, 2009 The name of the company that will invest in reactivating Coosemupar's banana plantations will be known before December. The submitted proposals will be analyzed by Victor Pérez, Agriculture Development Minister, together with members of the Panamanian Autonomous Cooperative Institute. Bids Invited for CoosemuparWednesday, December 2, 2009 The company chosen to invest and develop Coosemupar's banana growing assets will be announced on December 22nd. Interested companies can request the bidding rules between December 2nd and 4th, at the offices of Coosemupar (Cooperativa de Servicios Múltiples de Puerto Armuelles R.L.). Italian Company CEDIT Close to Running CoosemuparFriday, December 18, 2009 "Centro de Distribución Toscana" (Cedit), was the only company bidding to assume operations at troubled Panamanian cooperative Coosemupar. Cedit boasts 80 years of experience in the banana market. Its proposal will be reviewed on December 22. Panama: $22 Million Could be Invested in CoosemuparFriday, November 13, 2009 Company Agro K submitted a proposal to reactivate production at Coosemupar's banana plantations. Agro K proposal consists of investing $15 million in the first seven months and $22 million in the first year, reactivating banana exports by the end of the first semester. Organic bananas soon to be marketed in GuatemalaWednesday, June 25, 2008 The Xepecul brand of organic bananas is ready for market, and the first harvest is now underway in Guatemala. The Association for the Development of the Boca Costa of Sololá (Adiboc), the owner of the Xepecul brand, is the only company that grows organic banana trees. They are certified by Mayacert, Ecological Agriculture, and the U.S. Department of Agriculture. Panama: Companies Interested in CoosemuparMonday, November 2, 2009 5 Companies have expressed their interest in investing in Coosemupar, to rescue it from its current crisis. The announcement was made by Ana Roasas, director of Ipacoop (cooperatives authority), adding that several proposals are being studied. Panama: Reactivation of Banana Activities in BaruThursday, November 27, 2014 After the establishment by law of the disolution of Coosemupar, reactivation of banana production will be undertaken in 1,700 hectares which will be rented by the former banana workers union. The head of Agricultural Development, Jorge Arango Arias, told Prensa.com that "... recently the first steps were taken so that the transnational Chiquita Brands International can start producing on these lands, which will be owned by the workers who can rent it out. " Chiquita Suspends Baru Banana NegotiationsWednesday, February 11, 2015 The Brazilian company Cutrale-Safra, the new owner of Chiquita Brands, has stopped the negotiations which had been taking place with the Agricultural Association to rent the land and resume production at the banana plantation. The directors of Cutrale-Safra consortium requested more time to analyze and review the financial information of Chiquita Brands, temporarily suspending negotiations which were being held with the Agricultural Association Rodolfo Aguilar Delgado (Aparad) to revive the cultivation and production of bananas in Baru. Del Monte's Proposal to Baru Banana ProducersFriday, January 17, 2014 The U.S. company has proposed paying $400 per hectare to producers and delivering 25 cents per box of fruit produced. Del Monte's proposal is added to one already presented by Chiquita Brand for reviving banana crops in the area of the former Coosemupar. Panama: Officials Reject CEDIT's Bid for CoosemuparTuesday, December 22, 2009 The evaluation commitee rejected the bid by Italian company CEDIT (Centro de Distribución de Toscana), as it failed to comply with the established requisites. The announcement was made by José Carlos Elizondo, Coosemupar interventor. German Investors Interested in PanamaMonday, April 18, 2011 Don Limón, a German food company, seeks to buy banana, pineapple, melon and watermelon from Panama. Andrés Shindler, owner of the company, toured various plantations, looking for producers able to export to Europe. This company sells around $28 million per year, and buys from Mexico, Costa Rica and Brazil. Panama: 5,000 Hectares of Banana Plantations Sold for $40 millionTuesday, May 31, 2011 Government authorities have announced the sale of 5,600 hectares of banana plantations in Baru to a consortium of Panamanian investors. Without disclosing the company concerned, the Minister of Agricultural Development, Emilio Kieswetter said that they are involved in cultivating banana, pineapple and citrus fruit and palm oil. |
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