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Santo Domingo.-  Taiwan’s quickened pace toward reunification with China will likely attract an increasing number of manufacturers from the island nation to Dominican Republic, as evidenced by the announcement Tuesday that  a maker of tennis shoes, which will create more than 12,000 jobs, will start operations in March.

Taiwan ambassador Tomás Hou said the factory was built in the industrial free zone at Tamboril, Santiago, at a cost of more than US$35 million."This company not only brings capital but also technology and Dominican Republi, it could become the biggest exporter of shoes in the next 4 years."

The diplomat said the company belongs to one of Asia’s biggest shoemakers, with around 60,000 workers in China.

Costs in China

Hou said the company decided to come to the country on higher production costs taking place in China.

He said many business leaders have already decided to leave that territory and move to other areas in Latin American nations that sell cheaper, are closer to the U.S. and manage their own market. "Now is the right time to attract investment from Asia, because the cost of production is rising in China and many entrepreneurs are leaving there because of that."

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COMMENTS
17 comment(s)
Written by: Atabey, 12 Feb 2014 9:30 AM
From: United States, Bring DT Forum Back--


Let's see this happen. For a long time other Latin States like Costa Rica had developed strong mainland China relationship. DR was caught flat footed it appeared. If just a small portion of the manufacturing demand is placed in DR, the number of jobs and opportunities wil increase exponentially.

Written by: rokete, 12 Feb 2014 10:47 AM
From: Dominican Republic, (((( DEPORT THE HAITIANS, BUILD THE BORDER WALL !! ))))
If this is a trend the Dominican government should be making offer to other Chinese manufacturers left and right. There are plenty of industrial spaces available here that can be put to good use. En hora buena !!!
Written by: Radar, 12 Feb 2014 10:47 AM
From: Dominican Republic

Atabey, the coming 600+ megawatt plants will increase our chances of attracting more foreign investments.
The two most important ingredients in considering relocating manufacturing industry to our shores, is cheap labor and cheap energy. The cheap labor we have. I couldn't guess what the per-watt price will be when these plants come on line, but it must be low enough so that we can compete for more investments.

As has been mentioned, we have a geographical advantage and modern sea ports that can accommodate shipments anywhere. The one thing lacking is our energy dearth which, possibly, within two years, will be rectified.
Let's hope that this is just the first of many a Chinese investment. They certainly have the savvy and cash to make anything happen. All we need to do is expand our infrastructure and energy capacity.
Written by: josean, 12 Feb 2014 11:40 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


“DR was caught flat footed it appeared.”

BULL SHIT......this was calculated move motivate by anti-communist paranoia and the “gratuities” provide by Taiwan to their Dominican “Friends!”





Written by: josean, 12 Feb 2014 11:43 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


"The one thing lacking is our energy dearth"


Radar,


I thought building USELESS METROS was the key to creating and attracting new business?

You guys are always contradicting yourselves!



Written by: Radar, 12 Feb 2014 12:34 PM
From: Dominican Republic

I don't argue points with stupid people. To do so, in itself, is a stupid thing to do.
Written by: josean, 12 Feb 2014 12:37 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016



Especially when you Can't!



Written by: Atabey, 12 Feb 2014 1:08 PM
From: United States, Bring DT Forum Back--

Atabey,

the coming 600+ megawatt plants will increase our chances of attracting more foreign investments.

The two most important ingredients in considering relocating manufacturing industry to our shores, is cheap labor and cheap energy. The cheap labor we have. I couldn't guess what the per-watt price will be when these plants come on line, but it must be low enough so that we can compete for more investments.

As has been mentioned, we have a geographical advantage and modern sea ports that can accommodate shipments anywhere. The one thing lacking is our energy dearth which, possibly, within two years, will be rectified.

Let's hope that this is just the first of many a Chinese investment. They certainly have the savvy and cash to make anything happen. All we need to do is expand our infrastructure and energy capacity." ( Radar)

I agree. C America right now has a cost advantage in electricity. We have cheaper labor but need 10-15 cent per kilowatt electricity.
Written by: Perception, 12 Feb 2014 1:14 PM
From: United States
"Cold Feet With This One".*





L¤¤K.***
Written by: josean, 12 Feb 2014 1:17 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016


"but need 10-15 cent per kilowatt electricity."


No No we need MORE USELESS METROS!

Written by: rokete, 12 Feb 2014 1:34 PM
From: Dominican Republic, (((( DEPORT THE HAITIANS, BUILD THE BORDER WALL !! ))))
More metros for Santo Domingo and Santiago. Two mega ports also specially in Manzanillo Monte Cristy. Thank you !!
Written by: Radar, 12 Feb 2014 2:23 PM
From: Dominican Republic

That's right, Rokete.

We need more subway lines in SD, plus rail service from Haina to Puerto Plata and all points west; a trolley system in Santiago, and a seaport in Montecristi.

But of course, these are all "useless". Why bother to build them at all, right?
Written by: Perception, 12 Feb 2014 2:34 PM
From: United States
Wait Until You See "The Subsidies" Numbers $.?


"Minus" the "Investment".*



L¤¤K.***
Written by: CadeJ, 12 Feb 2014 7:28 PM
From: Dominican Republic, Altamira
The workers here are not well qualified for factory work; they are not adequately educated. Thus the country will only be able to support a limited amount of industrialization before the limited pool of qualified workers is fully employed. :(
Written by: Radar, 12 Feb 2014 10:47 PM
From: Dominican Republic































































































































































































































































































Double post.







Written by: Radar, 12 Feb 2014 10:47 PM
From: Dominican Republic

""The workers here are not well qualified for factory work; they are not adequately educated.""

......Or so you think. Have you ever heard of "INFOTEP"??...It's a government-funded technical school that's completely free and available to everyone...even you.
Are you so smart to know more than these investors do know, about the DR's knowhow in this matter??
Perhaps they should have consulted with you before deciding to sink in $35 millions, right.??

Who the hell are you to make such a statement??.....f***ing moron.!!!
Written by: Perception, 12 Feb 2014 11:16 PM
From: United States
Where's the "DNCD Officer" that is "Disappeared".???






L¤¤King.***
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