Dominican Republic: Grupo Corripio has acquired the majority of the shares of Cementos Andino Dominicanos in Cabo Rojo, according to the country’s President Danilo Medina. The previous owners will retain a stake in the company.
All current employees will receive their wages in the first two weeks of April 2016. In addition, between 300 and 400 new jobs will be created. Dominican business José Luis Corripio Estrada and owner of Grupo Corripio added that it will increase the company’s cement production capacity and potentially increase the number of workers to 700.