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Panama: $20 Million More in Micro-storage Facilities

In the coming months, the company Almacenajes S.A. plans to begin constructing three new warehouses.

Wednesday, September 22, 2010

©image: Almacenajes S.A.

Almacenajes S.A. currently has six facilities in Panama with approximately 6,000 "minidepositos" (small storage depots). Marissa Valencia, vicepresident, commented that in the next few weeks they will be opening new branches. One is planned for the town of David toward the Costa Rican border, and another for Gorgona near the capital city.

"While most of the company's customers are Panamanians, in recent years more and more foreigners are expressing an interest in the service as a means of storing their possessions," reports Alex E. Hernández on the La Prensa web portal.

Source: Prensa.com

Key entities

Almacenajes S.A. Grupo Galores Galores Cold Storage

Countries

Panama

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wineries warehouses Warehouses Business and Investment Infrastructure and Construction

The Self Storage Business

December 2011

Although investments in this sector in recent years have exceeded $50 million in Panama, there is still unmet demand for storage solutions which are more or less temporary.

Almacenajes Mini-Depósitos, MegaStorage and Galores are some of the companies that provide storage services in Panama, offering solutions ranging from small boxes that are rented for $9.99 a month, to entire floors measuring 100 square meters.

Panama: Construction of Refrigerated Logistics Center Underway

August 2010

Galores Cold Storage is investing $30 million in building a refrigerated storage facility in east Panama.

The facility will be located in the area of Las Mañanitas, near Tocumen International Airport, and will have capacity for 900 40 foot containers.

Pa-digital.com.pa reports that, "the new center aims to attract 60% of its customers locally and the remaining 40% from companies needing to distribute chilled merchandise via Panama to other parts of the world".

Panama: $17 Million Investment in "Mini" Storage

August 2009

Brazilian-based Grupo Galores inaugurated in Juan Díaz a warehouse for personal or "mini" storage.

After a $17 million investment, Grupo Galores inaugurated its first of four planned personal storage warehouses. The 4-warehouse project will be completed by the end of 2010, reaching 6.000 units of personal storage.

Panama Perfects In Bond Logistics System

May 2012

Galores Cold Storage has inaugurated the first logistic service for storage of refrigerated and frozen perishable foods, under the In Bond regime.

‘In bond’ is a term applied to the status of merchandise admitted provisionally to a country without payment of duties -- either for storage in a bonded warehouse or for trans-shipment to another point, where duties will eventually by imposed.

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What is a Refrigerated Warehouse?

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Cold Chain in Food Storage

It is crucial to control the temperature in a constant way.
The cold chain is the constant temperature control at all stages of a food product, from production to consumption, keeping it in the same temperature range and ensuring, thus, its good condition. It is called "chain" because it is made up of different stages, and if some are compromised, it could result in damage to the quality and safety of the product.

Cases of health damage due to the cold chain breaking up are increasing in developed countries, according to World Health Organization, in up to 30% per year.

Low temperatures not only ensure the organoleptic characteristics of food (texture, flavor, odor, color), but also stop reproduction of microorganisms and delay the loss of food quality. However, we must not forget that the cold does not kill microorganisms or stop the metabolic activity of its components, only slows their growth and food spoilage.