Thursday, March 27, 2014

PPG to acquire Panama based Protective and Marine Coatings distributor

PPG Industries PPG today announced that it has reached a definitive agreement to acquire substantially all of the assets of Canal Supplies, Inc. (CSI), a privately-owned distributor of protective and marine coatings to customers in Central America. The company is based in Panama. The transaction is expected to close in the second quarter, subject to customary closing conditions. Financial terms were not disclosed. The acquisition will enhance access to PPG products for customers in Central America, and specifically in Costa Rica and Panama, which are growth markets for both protective and marine coatings.“PPG looks forward to continuing to build its supply networks throughout Central America and meet the growing demand for our products inPanama. The Panama Canal is an important regional economic hub for the industry,” said Tim Knavish, PPG vice president, protective and marine coatings. “The acquisition will increase PPG’s ability to deliver protective and marine coatings to customers throughout the region.” PPG is a world leader in protective and marine coatings, with products protecting customers’ energy, infrastructure and marine industry assets in some of the world’s most demanding conditions and environments. Featured lines include the AMERCOAT(R), PITT-CHAR(R) and SIGMA COATINGS(R) brands. For more information, visit 

Global Securities Group comes to Panama

Global Securities Group investment banking and fund management focused on Latin America USA has signed a purchase agreement with PanAmerica Capital Group, Inc. broker regulated in the Republic of Panama. . Global Securities Group , the main shareholder of Global Securities Colombia continues its expansion throughout Latin America.  PanAmerica was founded in 1998 by Larry and Patrick Abraham , bankers and characters of the American political life. PanAmerica has been recognized for his extensive experience in stock trading and structuring issues for companies in Latin America, USA and Europe, and is a correspondent of RBC Correspondent Services ( RBC) , owned by Royal Bank of Canada , the custodian for their clients, which provides a wide range of investment products to preserve and monetize their assets through a technology platform generation . RBC Correspondent Services is a division of RBC Capital Markets, LLC, member NYSE / FINRA / SIPC , and NYSE , AMEX, CHX , CBOE , PSE, offering playability across all financial markets globally . RBC Capital Markets , LLC is owned by Royal Bank of Canada , which operates under the symbol RY on the New York Stock Exchange."The acquisition of PanAmerica reflects the commitment of Global Securities Group to consolidate its presence as a financial link between Latin America and global markets , and provide customers with better service Global Securities ," said Juan Carlos Gomez , President of Global Securities Colombia . " This is a very important transaction for PanAmerica as it allows us to improve our position in Latin America and attract more business ," said Patrick Abraham , CEO of PanAmerica.

Wednesday, March 19, 2014

NYCO develops its international presence in Panama

NYCO, the European manufacturer of high performance specialty lubricants and synthetic esters, will open a new representative office in Latin America. Located in Panama, the office will represent the 3 main businesses of NYCO: Aeronautics, Defense and Industry & Automotive. After Germany, the United-States, Russia and India, they continue their internationalization with this office in Latin America where they noticed a dynamic growth and a strong interest for their products and services. It is an important event in the life of their company which shows their will to positioning NYCO as a major player in the region», explains Eric Piveteau, General Manager of NYCO.The office will work on increasing NYCO’s visibility in Latin America, developing contacts with prospects and local institutions, improving our customer support by more proximity, and coordinating the already existing network of agents and distributors.

Hollund Industrial starts operations at Bayano Project

Survey Teams Search Concession for Select Species to Fill Pending Orders.(17/March/2014) — Hollund Industrial Marine Inc., an underwater forest management company, is pleased to announce that the senior project manager has informed management that survey teams have been on the reservoir identifying and tagging tree species in preparation for initial harvest operations.“The launch of this first project will be a major milestone; however, it is only the beginning of Hollund’s entrance into this multi-billion dollar untapped global market,” stated Peter Meier, President at Hollund. Sheldon Romain, Vice President at Hollund, commented, “A successful launch accelerates our path to revenues and provides us with a foothold to further develop our market strategy, which includes unlocking the intrinsic value of Bayano’s submerged timber.”Hollund will dispatch its executive project team to Panama later this month to meet with its Senior Partner and local officials to discuss its ideas for expanding the size, scope and sustainability of the project.Peter Meier concluded, “We look forward to getting down to Panama this month, seeing the operations unfold, and sharing our exciting new vision for growing the business, in partnership, with both Bayano Lake Wood Products and the local community.”

Panama Business News has a New Blog!

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