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Apr. 29, 2013


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Juan E. Ramos Morey

Vice-President, La Cadena


GROWTH PATTERN

The Dominican Republic is definitely a country in a growth pattern and moreover it is getting more organized, which is the attraction of being in the middle of an emerging economic region. I think that this is the key to the growth patterns that the country has had in the last 10 to 15 years.

FISCAL POLICY

Fiscal policy has been better executed, and this provides the necessary confidence. As in any developing country, the informal sector starts to get organized, too. That gives you opportunities either to purchase, acquire, or launch joint-ventures with informal players and help them to formalize their businesses.

HUGE NUMBERS

There are probably around 300 major chains and other organized supermarkets and there are 55,000 smaller retail outlets. That is a huge number; you can see it as potential or you can see it as a barrier.

Rainer Knupper

Director General, Baldom


PERFECT COMBO

We expect to see a combination of local growth and the expansion of our international activities. The products we currently have in the market offer some room to grow. At the same time, we must continue investing in maintaining our leading position.

FUTURE GROWTH

We believe that in terms of exports, the company has huge potential to grow in the future. However, we still need to decide whether we will keep producing locally some of our products where it is hard to produce competitive goods for foreign markets, or somewhere else.

BRACE FOR IMPACT

At present, we are experiencing some uncertainty in our country due to the change of government and the new tax reform President Medina wants to implement in order to address the current fiscal deficit of the country. This reform will definitely impact the industrial network of the country and the end consumers.

Oliverio Espaillat

President, Espalsa


BIGGER STAFF

The company was established in 1991 with great hopes behind a business project focused on providing technology and equipment, as well as all the tools and products for the meat industry. Back then, there were only three people at Espalsa, and today we have over 200 staff.

MEAT & BAKING

Thanks to our success within the meat industry, we decided to expand our activity to the bakery segment, in which we signed international partnerships and alliances that led to our leading position in the sector not only nationally, but internationally too. We also put a great deal of attention into providing our employees with training opportunities abroad.

FOCUS ON EXPORTS

We started exporting some five years ago, especially to the US, Haiti, and Central American countries. We believe that Dominican industries should focus on exporting, because that is the only way we can grow and contribute to the development of the country.

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