Hanes stays in Santiago FTZ

[NewsWhore]

The Dominican Free Trade Zone Association has announced that the company Hanesbrand Inc. would not be leaving Santiago's free trade zone (FTZ). Hanes, a leading underwear manufacturer, had announced earlier this year that it was ceasing operations in the DR. ADOZONA president Fernando Capellan said that Hanes' decision to stay was partly due to the support that sector has received from the government. Capellan explained that the Preservation and Creation of Jobs Fund is one of the main initiatives announced by President Leonel Fernandez to strengthen and promote sustainability in the sector. In a press release, Hanes has also announced that its factory in Vega Baja, Puerto Rico would be moved to Santiago as part of its global restructuring program.

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