Samtec Invests $2 Million in Panama

©image: Samtec

José Manuel Sánchez, manager of the company’s Costa Rican office, stated they expect the plant to be operational in September, employing 150 people.

“We chose Panama for several factors, among them its geographic location and competitive labor costs”, added Sánchez.

Source: laestrella.com.pa

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January 2010

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The first step in this initiative is the creation of a consortium of technology companies called IT Innovation Group.

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The Nicaraguan government has announced it is to hold a meeting with representatives of the multinational company to evaluate investment possibilities.

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