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Haiti - Economy : Leopard Haiti Fund invests $1,7M in Veerhouse Voda Haiti S.A.
15/07/2014 12:03:04

This Tuesday, Leopard Capital announced that it has provided USD 1,750,000 to Veerhouse Voda Haiti S.A., a manufacturer a manufacturer of buildings whose construction solutions at competitive prices, combine lightweight steel frames, expanded polystyrene (EPS) walls, and a patented mortar mix. This system produces a permanent structure highly resistant to climatic and telluric hazards, fires and floods and insulates heat.

Leopard Capital’s investment in Veerhouse Voda made through Leopard Haiti Fund (LHF), and is in the form of a debt instrument with participation features. The investment will finance Veerhouse Voda’s establishment of a local factory in Haiti that will enable the company to improve its efficiency, cut its costs, fulfill orders quicker, and create jobs in Haiti.

Veerhouse Voda’s new factory will produce pre-engineered residential and commercial buildings as well as EPS products for the local market. The new factory and business expansion is projected to create over 80 direct and 2,000 indirect new jobs.

Douglas Clayton, Chief Executive Officer of Leopard Capital, declared "We are pleased to support Veerhouse Voda in making Haiti a safer place to live and work. Veerhouse has been importing their system into Haiti for two years and their early customers rave about the product. This is a perfect solution for Caribbean living as the buildings are easy to assemble, affordable, cool inside, and nearly indestructible."

Brendon Brewster, Managing Partner and CEO of Veerhouse Voda Haiti S.A., added "We are very pleased to partner with Leopard Capital, in order to bring unique technology and building materials to the marketplace. This partnership demonstrates Veerhouse Voda and Leopard Capital’s commitment to delivering innovative disaster resilient products and to promote affordable housing to tackle Haiti’s current housing and building crisis. In addition, this partnership will create jobs by bringing world-class manufacturing operations to the island."

Learn more about Veerhouse Voda Haiti S.A. :
Veerhouse Voda provides a variety of structures including houses, hospitals, schools, commercial buildings, and warehouses, all of which meet building standards. Veerhouse Voda’s building system is 4 to 5 times faster than traditional building methods and is up to 98% recyclable. The company is based in Haiti with offices in New York and the Netherlands.

SL/ HaitiLibre