Peintures Caraibes SA to join Caracol Industrial Park in North of Haiti

Peintures, a Haitian paint manufacturer, has cut a deal with paint-giant Sherwin-Williams to export its proprietary product, as well as Peintures own manufacturing brand. Penintures CEO, Pierre Yves Gardere, will hire 167 start-up employees, with the goal of reaching 350 employees in total.

The U.S. has invested heavily in Caracol Park, a staggering $224 million, which promises to be a hub of manufacturing in the Caribbean region. The park sits on a 617-acre land parcel and will provide 20,000 jobs and add another 133,000 with cottage industry spin-offs.

Production of Caracol's two tenants is expected to start in the fall, with Sae-A sending its first shipment of t-shirts in September, and Peninture beginning its paint production in October. Sae-A's plant is only one of 20 scattered in South America and Southeast Asia. Its business contracts with Wal-Mart and Target will draw more investment opportunities to North Haiti.

But there exists a downside to all this investment activity in North Haiti. Workers employed at Caracol Park will earn only five dollars a day. It's one thing to create jobs, but another to give the jobholder a living wage.

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Read more: Caracol, Peintures Caraibes, Caracol Industrial Park, Business & Finance

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