Danilo Medina, President of the Caribbean nation of Dominican Republic, has inaugurated a new garment manufacturing unit of the Canadian multinational Gildan Activewear.
The new factory opened in San Pedro de Macoris with an investment of US$ 12.5 million would create 2,000 new direct employment opportunities.
After cutting the ribbon, the President, along with company executives and Government officials, took a tour of the new apparel factory, according to the President’s official website.
Gildan Activewear is a leader in sportswear in the US and Canada. The company began its operations in the Dominican Republic in 2004. The firm currently employs more than 2,200 people and makes exports of about $400 million a year from the country.
Javier Echeverría, Gildan vice president and manager in the country, thanked President Medina for being a facilitator of the process that led to the expansion of the company’s operations and highlighted the excellent investment climate and legal security that prevails in the Dominican Republic.
Luisa Fernández, executive director of National Council of Free Zones (CNZFE) and Alexandra Izquierdo, general director of the Centre for Industrial Development and Competitiveness (PROINDSUTRIA) expressed satisfaction with the beginning of operations at the new clothing factory.
Gildan sells its products under a diversified portfolio of company-owned brands, including the Gildan, Gold Toe and Anvil brands and brand extensions, as well as under licensing arrangements for the Under Armour, Mossy Oak and New Balance brands.
The Company, which has over 34,000 employees worldwide, is also one of the largest suppliers of branded athletic, casual and dress socks for a broad spectrum of retailers in the US. The Company is also developing Gildan as a consumer brand for innerwear and activewear.