NewsWhore
10-20-2008, 02:10 PM
The executive vice-president of the Dominican Association of Free Zones, Jose Manuel Torres, says that the textile factories, or most of them, are working normally. But Hoy newspaper reporter Aleida Plasencia reports that the free zones are almost entirely dependent on production orders that come from the United States. Because of this, if things are not going well there, in terms of demand and consumption, the factories feel the effects almost immediately. Right now, for example, some of these businesses, those that make ceramic floor tiles, have seen their orders reduced. If the recession gets worse, this will be reflected in more reductions of this type. Over the last few weeks some of the country's free zones began to feel the impact of the deepening economic crisis in the US through a reduced number of production orders from their American clients, as reported by the executive vice-president of the Dominican Association of Free Zones.
In exclusive statements to Hoy, Torres said that the reduction has not yet affected the textile sector. Specifically, he said that he has information that several companies in the DR's free zones have been notified by their clients that reduced orders will be forthcoming. He cited the case of the ceramics companies that have been significantly reduced. Torres did not mention names of companies, or provide more details.
More... (http://www.dr1.com/index.html#6)
In exclusive statements to Hoy, Torres said that the reduction has not yet affected the textile sector. Specifically, he said that he has information that several companies in the DR's free zones have been notified by their clients that reduced orders will be forthcoming. He cited the case of the ceramics companies that have been significantly reduced. Torres did not mention names of companies, or provide more details.
More... (http://www.dr1.com/index.html#6)