Business Services Industry
DHL expansion
Latin Trade, Nov, 1998 by Luis R. Rigual, Sergio R. Bustos
U.S.-based DHL Worldwide Express announced it will invest US$30 million in its Latin American operations between now and mid- 1999 to meet the demands of burgeoning growth in the region. The company plans to improve its hub in Panama City, Panama; buy three Boeing 727 aircraft; develop a hub in Buenos Aires; and upgrade facilities in several countries.
The company says business in the region is growing 20% each year.
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