Abinader inaugurates second stage of Cano Industrial with an funding of RD $ 200 million

Santo Domingo, RD.

President Luis Abinader led the iinauguration of the second growth stage of the Cano Industrial manufacturing plant, which entailed an funding of RD $ 200 million.
According to the president of the corporate, Wadi Cano Acra, this new stage of the corporate will generate 100 new jobs, a assist that was applauded on the opening ceremony by President Abinader.

For the president, Cano Industrial will at all times have the assist of this authorities by his aspect as a result of exactly the corporate is contributing with the presidential objective of producing extra jobs for Dominicans.

Abinader highlighted by providing a speech that this can be a authorities is creating a good framework for all investments no matter sectors.

More of the plant
Cano Acra identified that this new stage of the corporate he presides improve manufacturing capability by 150% within the strains of sealants, coatings and different merchandise associated to the development sector.

The businessman identified that that is the continuation of the primary stage, which started operations in November 2020.

“Cano Industrial has a complete funding of RD $ 600 million Intended for the development phases of the plant of this firm that’s devoted to the manufacture of merchandise for the development sector, the footwear, furnishings, meals, paper changing and printing industries, in addition to within the free zones, export of bananas and others ”, he expressed. Spout

Acra spoke on the occasion held on Cayacoa Industrial Park Street at kilometer 18 of the Duarte Highway, who additionally highlighted that this firm has gone from being an SME to an trade of virtually 400 direct staff, exporting its manufacturers to eight nations.

“This growth is the result of diversification based on research, design and development processes in the area of ​​applied chemistry,” defined the chief.

New merchandise
The Minister of Industry, Commerce and MSMEs, Víctor -Ito- Bisonó, added that this firm wager on innovation in the course of the pandemic managing to develop new merchandise akin to industrial glues for the Free Zones, Cementitious Waterproofing for the Construction Industry and Hand Gel and cleansing merchandise to fight the coronavirus.

In addition, he affirmed that in 2020 they carried out the primary stage of growth of their manufacturing facility with an funding of US $ 10 million {dollars} and right now it’s of nice satisfaction for him to attend the beginning of the development of the second stage of the method of extension with 2,508 sq. meters of development.

“Cano employed 75 individuals 15 years in the past. Today, it supplies a good livelihood to 348 households, a determine that seems to be a rise of 10% in comparison with the roles generated in 2020 and its projection to 2023 is to extend direct jobs by 20% “, stated Bisonó when providing a speech on the opening ceremony.

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