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Free zones announce US$25.0M expansion to create 3,500 jobs

Santo Domingo.- Industry and Commerce minister José del Castillo on  Monday announced that seven industrial free zone companies will create 3,500 jobs in Santo Domingo, Santiago and Puerto Plata, as their Dominican Republic operations expand and grow.

The official said the companies showed the president the plans to expand and grow their manufacturing operations and provided their installed capacity, investment, job creation, and the new technologies to boost their productive areas.

In a National Palace press conference after meeting for more than an hour with president Danilo Medina, del Castillo introduced executives of the multinationals Fenwal, Eaton and Timberland, and the companies Nearshore Teleservices, Velas Hispaniola, Spirit Apparel and Korchmar.

The official said the companies will create 3,500 jobs in Santo Domingo, Santiago and Puerto Plata provinces, by increasing areas with industrial buildings by more than 500,000 square feet, expanding their production processes and centralized stores, at a cost of around US$25.0 million. “This is again forms part of the recognition of Dominican Republic’s legal security.”

Source: DT

Category: DR News |

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Last updated December 2, 2016 at 1:59 PM
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