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.
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.
Located Ramal Villa Lucre along Corredor Norte, next to the succesful Villa Lucre development at $180/M2 or $16.72/SF. Total area of property 12,613 m2 or 135,766.33 square feet (3.17 acres). The property has a frontage to the ramal of Villa...