President Danilo Medina received Turkish investors Cengiz Cesur and Lonnie Langston at the Presidential Palace. The businessmen recently qualified their companies to operate as tax free industries at the San Pedro de Macorís Industrial Free Zone. They announced they are making a first investment of RD$32 million. They will operate under the company name Void Tech, and will employ 150 at the industrial plant. They will manufacture dunnage bags and flexible bags for wholesale and industrial loads. They expect their first exports by 2018, generating foreign currency of more than US$600,000 a year.
The company has been a global exporter since 1993. It has three production plants in Turkey, including a specialized room for the manufacture of bags for food wastes and pharmaceutical products.
During the meeting, the businessmen were accompanied by the executive director of the National Export Free Zones Council, Luisa Fernandez.
Turkish businessmen have also installed a fishery in the southwest and are looking into steel industry partnerships, as reported recently in the press.
19 October 2017
