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Glidden Paint Plant to be Built in Panama

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Paint Plant to be Built in Panama

Reports state that Glidden plans to invest $20 million in the construction of a paint manufacturing plant in Panama.

Wednesday, June 14, 2017

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."

Martesfinanciero reports that "...According to Achar Levy, "Panama has been growing significantly in recent years" and has been among the "best performing" markets in the region, he adds.  "The trend is extremely important for us because we want to rise on this wave of growth."

"... "This investment (of $20 million) responds to the service that we want to guarantee our customers. We have to be closer to them, with better answers. We recognize that fundamental idea.  That is the center of everything."

 

http://www.centralamericadata.com/en/article/main/Investment_Announced_in_Paint_Plant

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