Xylem expands Latin American presence with new sales and service base in Panama
June 20, 2012
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Jun. 20, 2012--
In response to rapid growth in Panama, Xylem (NYSE: XYL) has opened a
new sales and service office to provide greater customer support to the
developing Latin American market. For Xylem, a leading global water
technology company focused on addressing the world’s most challenging
water issues, this expansion in Latin America reflects the company’s
commitment to grow in emerging markets. Xylem’s Flygt® and Godwin® pumps
are already being used for dredging and construction work in the Panama
Canal project, the first expansion of the Panama Canal since it was
built 100 years ago.
“Panama offers immense growth potential for Xylem,” said Simoni
Dobrowolski, managing director of Xylem’s Panama office. “The expansion
of the Panama Canal, extensive mining and dewatering projects, as well
as commercial and residential opportunities, mean that we see a lot of
opportunity in Panama. We are looking forward to providing our expert
water solutions capabilities to local customers.
“Our technical collaboration with the Panama Canal Authority extends
back many years and we are well-positioned to grow this relationship to
create new and exciting opportunities for Xylem,” Dobrowolski said.
In addition, Xylem foresees strong growth within Panama’s mining
industry. Panama is home to two of the world’s largest, undeveloped
copper deposits which, combined with Panama’s extensive rainfall, offer
significant opportunities for the company’s dewatering business. To
better meet the treatment needs of the population, the Juan Diaz
Wastewater Treatment Plant was recently built in Panama City, where
Xylem’s solutions are helping to improve the quality of discharge water
and the current conditions of Panama Bay.
Xylem (XYL) is a leading global water technology provider, enabling
customers to transport, treat, test and efficiently use water in public
utility, residential and commercial building services, industrial and
agricultural settings. The company does business in more than 150
countries through a number of market-leading product brands, and its
people bring broad applications expertise with a strong focus on finding
local solutions to the world’s most challenging water and wastewater
problems. Launched in 2011 from the spinoff of the water-related
businesses of ITT Corporation, Xylem is headquartered in White Plains,
N.Y., with 2011 revenues of $3.8 billion and 12,500 employees worldwide.
The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of
our water-centric business by linking it with the best water
transportation of all -- that which occurs in nature. For more
information, please visit us at www.xyleminc.com.