3M to manufacture in Panama

©image: Borja Fernandez

With an initial investment of 15 million dollars, it will set up shop in Howard. During the first stage it will focus on converting products for industry and the service sector. Later it will manufacture products in Panama.
3M Panama has signed an agreement with London & Regional, the company in charge of developing Howard's Master Plan.
The plant will open in September and expects to have 150 employees.

Source: Prensa.com

More on this topic

Panamá Pacífico Development Underway

August 2009

$65 million have already been invested in the former Howard Air Base.

Henry Kardonski is the CEO of London & Regional Panamá, developer of the project. He assured that by the end of 2009, over $100 million will be invested, 15% of the targeted $705 million.

Work on the industrial business park is expected to be finished this month, with 10.000 m2 of office space and 21.000 m2 of warehouses.

Investment of $705 Million in Panama Pacific Project

March 2009

The British company, London & Regional, is developing the project which would imply a $705 million investment over the next 40 years.

In an article in La Estrella de Panama, some of the characteristics of the project are described, which consists of a sustainable city with business parks, logistics, tourism and residential areas.

Panama Pacifico Inaugurates Visitor Center

April 2010

London & Regional inaugurated the visitor center at Project Panama Pacifico.

Construction of the two buildings which compose it started January 2009 and finished January 2010.

Several companies have stated their intention of participating in the project: 3M, Caterpillar, 3PL Panamericana, Bombasa Latinoamérica, Aggreko, Cable & Wireless, IP Leather, Singapore Technology Aerospace and Yermont Enterprises, among others.