Industrias PANAMA BOSTON (PABO) will build an agro-industrial complex in Chiriquí
The construction of a modern agro-industrial complex began in Chiriquí, in which, in addition to the extraction of palm oil, other mass consumption products such as bath soaps and laundry detergents will be produced.
Source: En Segundos Panama
The most important recent private investment in eastern Chiriqui, estimated at US$ 30 million. During its operation phase, some 200 new direct and formal jobs will be generated. A new palm oil extraction plant will be installed, equipped with automated technology.
Currently, with an investment of more than US$ 10 million in oil palm cultivation Industrias PABO runs a 2,500-hectare plantation in San Lorenzo, Chiriquí, of which 90% of its production is exported. This operation has been endorsed with the seal of the Roundtable on Sustainable Palm Oil (RSPO) and directly employs 200 formal workers, mostly from the Ngäbe-Buglé people. In addition, Industrias PABO has associated palm producers that add an additional 2,500 hectares, which makes its operations have a great impact on the production of palm oil in Chiriquí.
The general director of Industrias PABO, Carlos Ortiz Malavassi, highlighted that sustainable agribusiness is a socially, environmentally and economically valuable practice that generates well-being in multiple dimensions for society and therefore for the country. He added that the new agro-industrial complex will be built on a 48-hectare plot of land, with a construction area of 20,000 square meters that also houses facilities for the transformation of palm oil into products for use such as margarines, toilet soaps, shortenings and palm oil. for both commercial and industrial use.
“Our 65 years of experience make innovation an inescapable commitment to Panama, our clients and consumers for PABO Industries, which is why we have made the necessary investments to comply with demanding international standards, both in environmental and labor matters. And social. Thus, we can demonstrate that in our oil palm crops there was no impact on forests, and scientific studies certify that both the soil and the plant cover and microbial life have recovered. In addition, this crop has the property of helping to capture CO2, with about 11 tons per hectare of planting”, explained the manager.