SAN PEDRO DE MACORIS. The Consorcio Azucarero de Empresas Industriales (CAEI) celebrated a gathering with businessmen, settlers and people of the press, amid which they announced the setting into action of a strategic plan to benefit this population.
Rafael Vélez, GM for CAEI, said that within this plan, they are contemplating the installation of an energy farm for power generation, expansion of the Cristopher Columbus Sugar Mill (*Cristóbal Colón) and the expansion and rehabilitation of the sugar cane fields.
Vélez pointed out that this project involves an investment of USD$150M, and part of the budget is destined to social work, thus pursuing to generate an estimated 6 thousand direct jobs.
He manifested that they seek to increase the milling capacity in order to process 14 or 16 thousand tonnes of sugar cane, and that they will also produce 50 thousand tonnes of refined sugar. Additionally, the diversification of 300 thousand acres for producing fruit and other edible products.
He indicated that these lands were leased to the Quisqueya, Consuelo and Santa Fé Mill, for growing other products outside of the sugar harvest.
Vélez, whom was joined by other executives from the consortium, expressed that the company intends to improve the quality of life of this province and strengthen the national economy.
He indicated that with this project, they will support the settlement, since measures will be taken, with the lands of the consortium as well as the settler terrains, in order to make them productive. Vélez stated that the consortium will work alongside other entities for the preservation of the Higuamo River.
CAEI is a company in the Energy and Industry portfolio of assets administered by VICINI.
The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.