the peruvian company San Miguel Industries (ISM) received recognition from the Dominican Republic after investing US$16 million in the expansion of its plant in that country.
ISM’s investment included the expansion of two new production lines. Jorge Añaños, founding president of the company of Peruvian origin, explained that the company’s commitment will also allow the generation of new formal jobs.
“The investment in the expansion of the production plant with these new lines amounts to 16 million dollars generating 200 new additional jobsWith this expansion, production will increase by more than 100,000 bottles per hour, which guarantees better service to our consumers,” he said.
In addition, he stressed that ISM’s investment demonstrates ISM’s reaffirmation of its investment confidence in Latin America.
The company also disclosed its investment plans for the next 5 years.
“As part of the expansion process, the company plans to invest more than an additional US$90 million over the next 5 years, which will allow the creation of new jobs directly and indirectly, and contribute to the revitalization of the economy in that country,” he reported.
