Etienne Strijp, CEO of “Cervercería Barú Panamá”, explained they will expand the factory due to increased demand for the product (26% in 2009 vs 2008).
Paulo Loo, national sales director at “Cervecería Nacional”, commented that their planned investment for 2010 is above $20 million. From this, over half will be used to modernize the production facility and the remainder will be used to improve points of sale, enlarge the truck fleet and acquire new technologies.
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The increase in production capacity will allow Cervecería Panamá to expand its presence in the market, especially with its brand Atlas.
From a statement by Cerveceria Nacional, SA:
Cervecería Nacional, focussing on maintaining the quality of its products and continuing to contribute to the economic development of the country, has made a total investment of $90 million in the last three years and $21 million in the expansion of its plant, located in Tumba Muerto.
The National Brewery announced a $ 5 million investment to start production of Miller Lite beer.
Through the National Brewery (CN), Panama has become the first authorized country to produce Miller Lite beer outside of the United States market.
Fernando Zavala, president of CN, told Prensa.com "What we are seeing is the effort of almost a year´s work” showing pride in the company's 1,700 workers achieving a new victory in their production chain.
With an investment of $27 million, International Ternium has modernized and expanded its steel plant in Villa Nueva.
According to company president, Hector Obeso, "The challenge is that all Central American roofs be manufactured from sheet metal from Guatemala".
The modernization of the International Ternium will allow production capacity to increase by 35%.
The Colombian group Nutresa will invest $3.4 million in improvements at its plants "Galletas Pozuelo" (cookies) and "Compañía Nacional de Chocolates" (chocolate).
The group has earmarked some $16 million for infrastructure since their arrival in Costa Rica in 2004 when it acquired the plant from the multinational Nestle.