Nestlé announces additional US$25m investment in Panama

Swiss food and beverage company Nestlé announced two new investments in Panama on 15 May, including a US$20m logistics and distribution centre to be located in Parque Sur, and a US$5m global purchasing hub in Costa del Este, designed to service purchasers from across the Americas. The decision to locate a global hub in Panama is significant, making it only the third such centre globally, alongside Switzerland and Malaysia, and follows several years of high growth for the company across the Central America region, where sales have increased by 5-7% year-on-year.

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Photo Credit: Nestle Logo, Wikimedia Commons