Canadian company announces expansion of investment in Dominican Republic

The Canadian firm Hillsdale Asset S.A. expressed its decision to expand in the country in the current situation, based on the confidence inspired by the business climate in the Dominican Republic.

Hillsdale Asset, with investments in the Dominican Republic since 2008, is dedicated to the manufacture and elaboration of textile products, which is currently established as a free zone in Moca, Espaillat province, where it provides 400 direct jobs.

According to a press release, Robert Saad, president and CEO of the company, was received by the Dominican ambassador to Canada, Michelle Cohén, to whom he expressed his interest in establishing a new industrial plant in the province of Santiago, where they plan to generate 600 more jobs.

During the conversation with the diplomat, the investor “said he was motivated by the great amount of resources that the Dominican Republic possesses, the confidence and the favorable investment climate generated by the current government administration, headed by President Luis Abinader”, refers the press release.

Hillsdale Asset S.A., in addition to being recognized for the manufacture and elaboration of high quality textile products, bases its operations on green energy and stands out for offering a favorable organizational climate for its collaborators.

Saad stated that his company has focused on adopting sustainability, social responsibility, innovation, the use of state-of-the-art technology, as well as quality control and compliance with high industrial standards as strategic pillars within its business model, in order to be at the forefront in line with the requirements and demands of the current context.

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