Month: January 2016

FRENCH PETROLEUM COMPANY TOTAL PURCHASES 70% OF SHELL STATIONS

THE FRENCH PETROL COMPANY EXECUTIVES VISITED THE D.R

Cándida Acosta

Santo Domingo

TOTAL, the French petrol multinational, closed business with Putney Capital Management, partner of VICINI, through which they acquired 70% of the Dominican company, V-Energy, which operates 130 Shell stations in the country. In one month, the first 130 SHELL stations will become TOTAL, and said process will be completed before the year ends.

The French petrol, will make a millionaire investment in the image transformation and opening of more stations, which as first step, will offer premium fuel (Excellium), which features an additive for high-performance and two important features: fuel saver and less pollution. During the first 45 days, the stations that will become TOTAL stations are the ones in the Samaná Highway all the way to Santo Domingo, the Arenoso crossing, and also under development, a new station in the Punta Cana Boulevard, and another in the Jarabacoa exit, in Hato Nuevo, which will open soon.

During a luncheon held with directors and media reps, the chief executives for TOTAL and Putney Capital Management and V-Energy, assured this is a multimillion-dollar investment that will create job opportunities, with TOTAL’s entrance in the country, a company that runs 600 stations in 8 Caribbean countries, now 9 with the Dominican Republic.

The remaining 30% of the shares will remain under Putney’s control, keeping an important role as local partner.

During the luncheon held at the Embassy Suites at Silver Sun, among the attendees were Dolores Serrano, Communication Manager for the Americas division for TOTAL; Edgar Pichardo; Helvet Allibert, VP for Marketing at TOTAL; Francis Jan, VP for World Business and member of the Management Committee for Marketing & Services at TOTAL; Philippe Jaurrey, Rafaél Vélez, VP for Putney; Bertrand Fontanges and Demetrio Almonte.

SOURCE: http://listindiario.com/

About VICINI:
VICINI is a private asset management firm, formerly known as Grupo VICINI, that operates through partnerships with unique managers focused in the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

CAEI FORECASTS 117,000 SUGAR MTs IN THE 2015-2016 HARVEST

SPM.- The CAEI Consortium, a company within the Energy & Industry Assets portfolio managed by Putney Capital Management, partner of VICINI, has forecasted a production of 117,000MTs of sugar in the 2015-2016 harvest.

Through a press release, CAEI informed that the estimated milling capacity is of 1,150,000 MTs of cane, of which, 1,030,000 will be house cane, and 120,000 tonnes from the independent producers. The company has reiterated that it will maintain its support program for all cane vendors.

As is policy and tradition, prior to the harvest, CAEI met with all cane purveyors to explain the milling plans, as well as the labor, environmental and human rights policies the consortium abides by, and need be met by all producers. In a meeting hosted in the staff mess hall of the Ingenio Cristóbal Colón, a “Handbook for Cane Purveyors” was provided, which contemplates all guidelines to be taken under account by these vendors, in order to maintain their business relationship with CAEI.

The handbook includes the protocol for complying with the labor norms as well as the human rights in the workplace policy, according to the ILO, and the Human Rights Policy by CAEI. Also, it features the expectations by the agribusiness industry with its vendors in all issues moral and ethical, summarized in the Cane Vendors Code of Conduct.

SOURCE: http://www.lainformacion.com.do

About CAEI:

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.

About VICINI:
VICINI is a private asset management firm, formerly known as Grupo VICINI, that operates through partnerships with unique managers focused in the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

CAEI WILL PRODUCE 117,000 SUGAR MTs IN THE 2015-2016 HARVEST

EL NUEVO DIARIO, SAN PEDRO DE MACORIS.-  The CAEI Consortium, a company within the Energy & Industry Assets Portfolio managed by Putney Capital Management, a partner of VICINI, has projected to produce 117,000MTs of sugar in the current harvest for 2015-2016.

CAEI informed that the estimated milling has been set at 1,150,000 cane tonnes, of which, 1,030,000 tonnes are house cane, while the other 120,000 are from the separate producers. The company reiterated that it will upkeep its support program to cane vendors.

A note sent to END, states that as this is policy and tradition, CAEI met with all cane vendors to explain the milling plans, as well as all labor, environmental and human rights policies by which the consortium abides and that need be met by all vendors.

In a meeting which took place in the employees mess hall of the Ingenio Cristóbal Colón, a “Handbook for Cane Vendors” was delivered, which contemplates all guidelines to be taken into account by these vendors in order for them to maintain their business relationship with CAEI.

Said handbook includes the directives on how to meet all labor and human rights norms in the workplace, according to the ILO and the CAEI Human Rights Policy Bill.

Also, the expectations of this agribusiness industry for its vendors in all issues moral and ethical, which are summarized in the Code of Conduct for Cane Vendors.

Representatives of this agribusiness explained in detail the contents of said handbook, as well as the responsibility assumed by the company and vendor for its due compliance.

SOURCE: http://elnuevodiario.com.do

About CAEI:

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.

About VICINI:
VICINI is a private asset management firm, formerly known as Grupo VICINI, that operates through partnerships with unique managers focused in the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

CAEI FORESEES A PRODUCTION OF 117,000MTs OF SUGAR

San Pedro de Macorís

The CAEI Consortium, a company within the Energy & Industry Assets portfolio managed by Putney Capital Management, partner of VICINI, has forecasted a production of 117,000MTs of sugar in the 2015-2016 harvest.

Through a press release, CAEI informed that the estimated milling capacity is of 1,150,000 MTs of cane, of which, 1,030,000 will be house cane, and 120,000 tonnes from the independent producers. The company has reiterated that it will maintain its support program for all cane vendors.

As is policy and tradition, prior to the harvest, CAEI met with all cane purveyors to explain the milling plans, as well as the labor, environmental and human rights policies the consortium abides by, and need be met by all producers. In a meeting hosted in the staff mess hall of the Ingenio Cristóbal Colón, a “Handbook for Cane Purveyors” was provided, which contemplates all guidelines to be taken under account by these vendors, in order to maintain their business relationship with CAEI.

The handbook includes the protocol for complying with the labor norms as well as the human rights in the workplace policy, according to the ILO, and the Human Rights Policy by CAEI. Also, it features the expectations by the agribusiness industry with its vendors in all issues moral and ethical, summarized in the Cane Vendors Code of Conduct.

Agribusiness representatives explained in detail the handbook’s contents, as well as the responsibility assumed by the company as well as the vendors in meeting all these guidelines.

Special emphasis was made on all policies concerning respect and dignity in the workplace, prohibition of involuntary work, prohibition of child labor, compliance with all dispositions stipulated in the Labor Code, Act. 16-92 with respects to the maximum daily amount of hours, vacation leave, mandatory rest, and holidays, non-discrimination, freedom of association and compensation as well sa fair wages.

SOURCE: http://www.listindiario.com

About CAEI:

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.

About VICINI:
VICINI is a private asset management firm, formerly known as Grupo VICINI, that operates through partnerships with unique managers focused in the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

CAEI CONSORTIUM PROJECTS A TOTAL PRODUCTION OF 117,000 METRIC TONNES OF SUGAR

San Pedro de Macorís.-

The CAEI Consortium, a company within the Energy & Industry Assets portfolio managed by Putney Capital Management, partner of VICINI, has forecasted a production of 117,000MTs of sugar in the 2015-2016 harvest.

Through a press release, CAEI informed that the estimated milling capacity is of 1,150,000 MTs of cane, of which, 1,030,000 will be house cane, and 120,000 tonnes from the independent producers. The company has reiterated that it will maintain its support program for all cane vendors.

Prior to the harvest beginning, CAEI met with all cane vendors to explain the milling plans, as well as all labor, environmental and human rights policies by which the consortium abides and that need be met by all vendors

 In a meeting hosted in the staff mess hall of the Ingenio Cristóbal Colón, a “Handbook for Cane Purveyors” was provided, which contemplates all guidelines to be taken under account by these vendors, in order to maintain their business relationship with CAEI.

The handbook includes the protocol for complying with the labor norms as well as the human rights in the workplace policy, according to the ILO, and the Human Rights Policy by CAEI.

Also featured are the expectations by the agribusiness industry with its vendors in all issues moral and ethical, summarized in the Cane Vendors Code of Conduct.

SOURCE: http://digitalcibao.com/dinero

About CAEI:

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.

About VICINI:
VICINI is a private asset management firm, formerly known as Grupo VICINI, that operates through partnerships with unique managers focused in the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

MILLING BEGINS IN CRISTÓBAL COLÓN

SAN PEDRO DE MACORÍS, D.R.-  The CAEI Consortium, a company included within the assets portfolio managed by Putney Capital Management, a partner of VICINI, informed it has projected to produce 117,000 sugar MTs in the harvest for the 2015-2016 season.

CAEI informed through a press release, that the estimated milling has been set at 1,150,000 cane tonnes, of which, 1,030,000 tonnes are house cane, while the other 120,000 are from the separate producers. The company reiterated that it will upkeep its support program to cane vendors.

Also indicated was that prior to the harvest beginning, CAEI met with all cane vendors to explain the milling plans, as well as all labor, environmental and human rights policies by which the consortium abides and that need be met by all vendors

SOURCE: http://mileniocaliente.blogspot.com

About CAEI: 

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.

About VICINI:
VICINI is a private asset management firm, formerly known as Grupo VICINI, that operates through partnerships with unique managers focused in the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

CAEI PROJECTS A PRODUCTION OF 117,000MTs OF SUGAR

SAN PEDRO DE MACORÍS.- CAEI, a company within the Energy & Industry Assets portfolio managed by Putney Capital Management, partner of VICINI, has forecasted a production of 117,000MTs of sugar in the 2015-2016 harvest.

Through a press release, CAEI informed that the estimated milling capacity is of 1,150,000 MTs of cane, of which, 1,030,000 will be house cane, and 120,000 tonnes from the independent producers. The company has reiterated that it will maintain its support program for all cane vendors.

As is policy and tradition, prior to the harvest, CAEI met with all cane purveyors to explain the milling plans, as well as the labor, environmental and human rights policies the consortium abides by, and need be met by all producers. In a meeting hosted in the staff mess hall of the Ingenio Cristóbal Colón, a “Handbook for Cane Purveyors” was provided, which contemplates all guidelines to be taken under account by these vendors, in order to maintain their business relationship with CAEI.

The handbook includes the protocol for complying with the labor norms as well as the human rights in the workplace policy, according to the ILO, and the Human Rights Policy by CAEI. Also, it features the expectations by the agribusiness industry with its vendors in all issues moral and ethical, summarized in the Cane Vendors Code of Conduct.

CAEI Consortium also informed having carried out several registration and contracting drives for the cane cutters that will partake in the coming harvest, with which the company underwrote the labor contracts that detail the benefits and labor conditions, as well as mechanisms which ensure the rights of the workers according to the current national legislations.

SOURCE: http://www.diariolibre.com

About CAEI:

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.

About VICINI:
VICINI is a private asset management firm, formerly known as Grupo VICINI, that operates through partnerships with unique managers focused in the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.

CAEI FORESEES 117,000 MTs SUGAR PRODUCTION

CAEI met with all cane producers to explain milling plans. Photo credits: outside source

San Pedro de Macorís.- CAEI, a company within the Energy & Industry Assets portfolio managed by Putney Capital Management, partner of VICINI, has forecasted a production of 117,000MTs of sugar in the 2015-2016 harvest.

Through a press release, CAEI informed that the estimated milling capacity is of 1,150,000 MTs of cane, of which, 1,030,000 will be house cane, and 120,000 tonnes from the independent producers. The company has reiterated that it will maintain its support program for all cane vendors.

As is policy and tradition, prior to the harvest, CAEI met with all cane purveyors to explain the milling plans, as well as the labor, environmental and human rights policies the consortium abides by, and need be met by all producers. In a meeting hosted in the staff mess hall of the Ingenio Cristóbal Colón, a “Handbook for Cane Purveyors” was provided, which contemplates all guidelines to be taken under account by these vendors, in order to maintain their business relationship with CAEI.

The handbook includes the protocol for complying with the labor norms as well as the human rights in the workplace policy, according to the ILO, and the Human Rights Policy by CAEI. Also, it features the expectations by the agribusiness industry with its vendors in all issues moral and ethical, summarized in the Cane Vendors Code of Conduct.

SOURCE: http://hoy.com.do

About CAEI:

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.

About VICINI:
VICINI is a private asset management firm, formerly known as Grupo VICINI, that operates through partnerships with unique managers focused in the Northern Latin American Region to capture long-term value for investors, clients, partners and associates.