YIDA Opens First Company in Special Economic Zone

5

The opening of a steel plant shed has become the first tangible outcome of the Yida Project since it was launched in 2015.

On Monday, the company had a ceremony to celebrate this project, which is one of 19 expected to be constructed within its special economic zone.

Cabinet members travelled to Coconut Hall Estate adjoining the Crabbes Peninsula and Guiana Island to witness the large factory shed, worth US $20 million dollars.

The construction of a second factory shed to manufacture ceramic tiles is expected to begin shortly. According to the Cabinet notes it will be capable of producing 48,000 tiles per day.   Ash from the Montserrat volcano is one of the ingredients to be utilized in the process.

Prime Minister, Gaston Browne says these factories will improve export into the country and is the beginning of a manufacturing “renaissance”.

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Antigua!
We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Antigua and abroad!
Contact us at [email protected]

5 COMMENTS

  1. As usual this announcement is long on hype and short on details. This of course leads to crazy speculation and wild ideas circulating. For such an astute politician, Gaston continues to fail in informing Antigua .
    I will speculate in lieu of any information: If this is as described a factory shed, it must be a facility for forming/bending rolled steel brought from china into galvanized and whatever other bending products they have brought in the equipment to do. It certainly is not a steel furnace. There is certainly demand for galvanized in this part of the world so that would make sense provided the quality and price are competitive. That said it will no doubt be a highly automated process and the chinese will no doubt operate it themselves. What power is required to run this operation would be a question worth asking as power continues to be an issue in Antigua.

Comments are closed.