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Taiwanese plant to employ 12,000 to make sneakers

A Taiwanese company is completing the installation of a major sneakers manufacturer in Santiago. The factory is a US$35 million investment, Taiwanese Ambassador Tomas Hou told El Dia. He said the company, which has factories in the People’s Republic of China where they employ 60,000 people, would be creating 12,000 new jobs in the DR. Ambassador Tomas Hou said that the company decided to install the factory here due to the rising cost of producing in China. He said many like this company are considering working in the DR because of lower costs, location closer to the United States and access to the Latin American market.

“Now is the time to attract more Asian investments because the cost of producing in China is rising and many businesses are leaving because of that,” he told El Dia.

He said a future promotional trip with the director of the National Board for Free Zones Luisa Fernandez, the Minister of Industry and Commerce Jose del Castillo and others is being planned so that they can inform Asian businessmen of the advantages of investing in the country. He said that a solar panel manufacturer would be visiting the country next week.

Ambassador Hou said that the government of Taiwan would be donating 1,000 motorcycles to the Police for patrols, 500 of which will arrive in March. He added that another 200 motorcycles would be donated to the Ministry of Public Health to back the 911 Emergency Program. Another 84 ambulances would be donated to the Ministry of the Presidency for natural disaster mitigation programs. The ambulance program is worth US$6 million.

Source: DR1

Category: DR News |

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Last updated March 29, 2017 at 12:43 AM
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