Haiti - Economy : The Korean project of the Industrial Park of North
Textile assembly plants operating in Haiti have allowed to create 4,000 new jobs since January 12, 2010. Not only by restoring jobs lost after the earthquake, but also by employing more workers than before the disaster.
Large companies have presented aggressive investment plans to grow and draw benefits from these extended trade preferences. The agreement signed between the SAE E-Trading co. the government of Haiti, the U.S. government and the IDB, will develop an industrial park of over 250 hectares in the north.
The Korean Sae-A company has manufacturing facilities throughout the world, including Latin America and South East Asia and has recently taken the decision to invest in Haiti to increased its production capacity. This is the North Industrial Park which will host the project. "Our investment in Haiti would become one of our largest operations worldwide and we plan to employ 20,000 people at term" said W.K.Kim, President of SAE-A.
Sae-A will invest $78 million in equipment and production facilities in Haiti, including several units of sewing, embroidery, printing and cleaning, and a mesh manufacturing unit and a laundromat. This will allow for the first time in Haiti to assemble goods made from fabric "made in Haiti". The Interim Haiti Recovery Commission (IHRC) facilitated and approved the conclusion of this project, the first major public-private partnership.
This investment project is based on substantial competitive advantages: - preferential tariff, production time, motivated human resources, ease of supply, infrastructure and various supports and advantages that will make this undertaking a success. Park operations and production activities should begin in the first quarter of 2012.
The investment of the industrial park of North will also allow:
Lire aussi :
http://www.haitilibre.com/article-576-haiti-economie-la-coree-parle-business-avec-haiti.html (in french)