Medina cuts ribbon on US$80M cement plant at San Pedro
San Pedro de Macoris, Dom. Rep. -President Danilo Medina headed the ribbon cutting for the plant Cemento Panamericano (PANAM), reportedly built with cutting edge technology at a cost of US$80 million, at Villa Gautier, San Pedro (east).
PANAM executive Manuel Estrella said the facility will create 800 direct and 2,400 indirect jobs, and help boost sales for region’s goods and services.
He said the plant, built entirely by Dominican entrepreneurs, proves that after 50 years of continued democracy and development Dominicans are capable of materializing world-class projects to compete abroad.
Industry and Commerce minister José del Castillo spoke at the event and praised Estrella, stressing the plant’s contribution to economic growth. “His entrepreneurial thrust has managed to build one of the country’s most ambitious industrial groups in the region.”
The Presidency Website says the country’s seventh cement plant is capable of producing 520 metric tons of Portland cement.
Medina arrived at 9:55am, and was accompanied by senior government officials and business leaders, including Jose Luis Corripio (Pepin) Micalo Bermudez, Diego de Moya, Rafael Bisonó, among others.
Category: DR News |