NEWS

All posts by PIISA

articulo-1-2018

Free Zone sector is the third largest generator of foreign currency in the Dominican Republic

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President Danilo Medina, during his State to the country indicated that the free zone sector is the third largest generator of foreign currency in the Dominican Republic, after tourism and remittances from Dominicans living abroad. According to the President Medina, in 2017 the National Free Zone Council (CNZFE) approved 58 projects in diverse manufacturing sectors, tobacco & cigars processing, contact centers, and agro-industrial projects. Also, he stated that the free zone sector generated last year US$5.7 billion in foreign currency…

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articulo-2-2018

Dominican exports of electrical and electronic components exceeded US$800 million

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The Dominican Republic has over 20 years of experience exporting products and components for the electrical, aeronautics, automotive, security, and industrial automation industries. Contributing over US$70,000 in exports, this industry has experienced a constant growth, turning to the second-largest exporter worldwide of electrical switches to the United States. World-class electrical products are designed and manufactured by Dominican human talent, on companies such as Eaton, Belfuse, Knowles among others.

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articulo-3-2018

Launching of the Medical Devices Cluster

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President Danilo Medina attended the launching of the Medical Devices Cluster, which encompasses more than 25 worldwide companies that have manufacturing facilities in the Dominican Republic. The Medical Devices Cluster represents the interests of the free zone medical sector, including a wide variety of medical components products and 23,000 employees, whom manufacture with high international standards to make possible the exportation to the United States, Europe, and Asia. José Manuel Torres, executive vice president of the Dominican Free Zone Association…

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articulo-4-2018

Launching of the 3rd Industrial Congress

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During April, ADOZONA and AIRD met to celebrate the inauguration of the 3rd Industrial Congress, whose objective is to update the proposals for the creation of a Dominican Industrial Development Strategy, with the consensus of the main actors and political forces around this plan. A group of eight institutions from both the public and private sector organized the Third Industrial Congress to update the country´s Industrial Development Plan and increase the sector´s competitiveness and productivity. Under the slogan of “Productivity,…

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articulo-5-2018

The Fresenius Kabi Company expands in the Dominican Republic

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The global healthcare company that specializes in lifesaving medicines and technologies for infusion, transfusion and clinical nutrition, Fresenius Kabi has begun the construction of its third manufacturing plant with PIISA Industrial Park. The investment of around € 20 million will add approximately 80,000 sq. ft. to the existing buildings and will also bring 500 new jobs to the area of Haina, San Cristobal. Furthermore, the installations will have an innovative sterilization system that will add value to the site by increasing…

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articulo-6-2018

Medical and Pharmaceutical Devices Cluster of ADOZONA Participates in the launching of the Master´s Degree in Manufacturing in INTEC

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The Medical and Pharmaceutical Devices Cluster participated in the official launching of the Program of a Master´s Degree in Competitive Manufacturing in INTEC, in an academic alliance with the Polytechnical University of Puerto Rico. This program would be the second of its kind that has been developed by INTEC and the Cluster.

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articulo-7-2018

At the Fourth Worldwide Meeting of Free Zones in Dubai, Dominican Republic Aspires to Acquire the Regional Headquarters of the World Free Zone Association

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A large delegation from the Dominican Republic was represented in the Fourth Worldwide Meeting of Free Zones that was held in Dubai, in which participants analyzed important topics related to the development of the sector, and in which the country aspires to become the regional headquarters of this international organization. The Dominican delegation, headed by the Minister for Industry, Commerce, and Mipymes, Nelson Toca Simó, with the additional participation of other public officials and business representatives of the country, will…

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articulo-8-2018

Government Affirms its Supports to Free Zones

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The Administrative Minister for the Presidency, José Ramón Peralta, underscored the government´s commitment in continuing to support free zones, which are a significant generator of foreign currency and jobs in the Dominican Republic. He also indicated that instructions will be given to all public institutions linked to the free zone sector to contribute and commit to the development of free zones, as 2018 is the year of the exportations. Since the inauguration of this government, President Danilo Medina has indicated…

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articulo-10-2018

Exports by Free Zones Grew 35% over the Last Seven Years

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Free zone exports have grown some 35% over the least seven years, increasing from US$4.2175 billion in 2010 to US$4,695 billion in 2017, which makes it one of the fastest growing economic sectors of the Dominican Republic. This was confirmed by Federico Domínguez and José Manuel Torres, president and executive vice president of the Dominican Free Zone Association (ADOZONA), respectively. They pointed out that free zone exports represent 60% of the country´s total exports, and are targeted at 131 countries…

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articulo-10-2-2018

Free Zone Facts 2017

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• Free zone sector is responsible for 56% of Dominican exports and without mining (gold) it increases to 70%. • The 665 companies distributed in the 71 industrial parks around the country exported 5.6947 billion, and distributed RD$33.2317 in payroll to their 165,724 employees. • 25 of the 32 provinces in the country have free zone parks or companies. • Accumulated investment US$4.4739 billion. • Local expenses reached US$1.4827 billion, with a 3.5% contribution to the Gross Domestic Product (GDP)….

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