Haiti-based Gilbert Bigio Group (GB) reportedly plans to build a cement plant in Jamaica to consolidate its footprint in the country, according to CPI Financial. At present it imports cement from its Domicem plant in the Dominican Republic and sells it via its Jamaican subsidiary Buying House.
Mauricio Pulido, GB Energy Jamaica country head, suggested that the Jamaica venture, for which a location yet has to be found, could be led out of Haiti through Kolos, a joint venture between Domicem and a group of Italian investors.
"We believe that Jamaica is in a very good time right now. The Government genuinely wants to make growth happen," he said. "We believe that to grow the country, we need to have more affordable materials to build. So, if you have a cheaper cement you can have more houses being built by the government and the private sector.”
The GB Jamaica cement factory is expected to employ up to 100 workers at the plant, with many more jobs in distribution.
