Dominican Republic: Haiti export ban expected to cost Cemento Andino DOP2m

The ban on exports to Haiti will cost Cementos Andino DOP2m, according to Cementos Andino President, Nelson Bello. The road transport sector is expected to be significantly affected as 300-400 trips/month are made to supply Haiti with the required product.

An alternative is to increase shipments to Port au Prince the Port of Cabo Rojo, in which the company has invested more than US$18m in improvements, port security and efficiency. However, Mr Bello warned this will increase shipping costs including ship unloading and porterage.

Between 2006 and August 2015, Cementos Andino exported 458,818t of cement, bringing in a total of US$48.4m in foreign exchange funds. During this period, Haiti and Panama have been its main export markets.