Chiquita's Return to Panama: A $30 Million Investment in Bocas del Toro

Banana giant Chiquita is set to relaunch its operations in Panama following significant layoffs earlier this year. The Panamanian government made the announcement on Friday.

Chiquita plans to make a substantial investment of $30 million to restart production in the western province of Bocas del Toro. This move comes as part of its efforts to rejuvenate its operations in the Latin American country.

Panama's President, Jose Raul Mulino, confirmed that Chiquita aims to have the production line fully operational by February 2026, marking a significant milestone for the region's banana industry.

(With inputs from agencies.)