Phoenix, Arizona-based steel fabricator Schuff International, Inc., parent of Schuff Steel has entered into a joint venture with Panama's Empresas Hopsa S.A. The new steel fabrication and steel erection company in Chilibre, Panama will be known as Schuff Hopsa Engineering and will focus on Central and South America.
Panama's economy and demand for steel fabrication has been growing immensely in recent years, as has demand in Central America. The new fabrication joint venture will allow Schuff to target the growing niche for structural steel fabrication.
"Hopsa opened the Chilibre plant in 2009 to meet the growing demand for steel construction services in the region. As we sought ways to expand the business, it became clear that a strategic partnership with a top United States steel contractor was the best approach," said Einar Simons, President of Empresas Hopsa.